At the time of writing, GE Aerospace [GE] stock is trading at $153.70, down -0.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The GE shares have lost -1.80% over the last week, with a monthly amount glided 15.57%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
GE Aerospace [NYSE: GE] stock has seen the most recent analyst activity on April 09, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $180 from $175. On April 04, 2024, Vertical Research initiated with a Buy rating and assigned a price target of $160 on the stock. Wells Fargo reiterated its Overweight rating and increased its price target to $200 on March 27, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $180 on March 08, 2024. In a note dated December 15, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $115 to $144.
For the past year, the stock price of GE Aerospace fluctuated between $74.55 and $158.44. Currently, Wall Street analysts expect the stock to reach $141.61 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $153.70 at the most recent close of the market. An investor can expect a potential drop of -7.87% based on the average GE price forecast.
Analyzing the GE fundamentals
According to GE Aerospace [NYSE:GE], the company’s sales were 67.95B for trailing twelve months, which represents an -10.96% plunge. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.37 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 151.37 points at the first support level, and at 149.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.36, and for the 2nd resistance point, it is at 161.02.
Ratios To Look Out For
It is important to note that GE Aerospace [NYSE:GE] has a current ratio of 1.18. On the other hand, the Quick Ratio is 0.85, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 6.11 and price to earnings (TTM) ratio is 18.39.
Transactions by insiders
Recent insider trading involved Holston Michael J, Senior Vice President, that happened on Feb 14 ’24 when 22055.0 shares were sold. Senior Vice President, Holston Michael J completed a deal on Feb 02 ’24 to sell 13601.0 shares. Meanwhile, Senior Vice President Holston Michael J sold 0.11 million shares on Jul 27 ’23.
