A share price of GE Aerospace [GE] is currently trading at $173.58, up 0.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The GE shares have gain 2.30% over the last week, with a monthly amount glided 1.99%, 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.
GE Aerospace experienced fluctuations in its stock price throughout the past year between $84.16 and $177.20. Currently, Wall Street analysts expect the stock to reach $150.68 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $173.58 at the most recent close of the market. An investor can expect a potential drop of -13.19% based on the average GE price forecast.
Analyzing the GE fundamentals
Trailing Twelve Months sales for GE Aerospace [NYSE:GE] were 61.92B which represents -45.53% decline. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.18 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
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 172.06 points at the first support level, and at 170.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 175.54, and for the 2nd resistance point, it is at 177.49.
Ratios To Look Out For
To put it in perspective, the Current Ratio for GE Aerospace [NYSE:GE] is 1.14. On the other hand, the Quick Ratio is 0.85, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 3.04, the price to book ratio is 10.12 and price to earnings (TTM) ratio is 41.19.
Transactions by insiders
Recent insider trading involved General Electric Pension Trust, Affiliate, that happened on Aug 14 ’24 when 0.42 million shares were purchased. Senior Vice President, Stokes Russell completed a deal on May 23 ’24 to sell 45309.0 shares. Meanwhile, Vice President Giglietti Robert M. sold 5127.0 shares on May 22 ’24.
