GE Aerospace [GE] stock is trading at $183.89, down -1.37%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GE shares have lost -0.38% over the last week, with a monthly amount glided 10.54%, 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 September 10, 2024, when Bernstein initiated its Outperform rating and assigned the stock a price target of $201. Previously, TD Cowen upgraded its rating to Buy on April 09, 2024, and elevated its price target to $180. Vertical Research started tracking the stock assigning a Buy rating and suggested a price target of $160 on April 04, 2024. Wells Fargo reiterated its recommendation of a Overweight and raised its price target to $200 on March 27, 2024. JP Morgan upgraded its rating to Overweight for this stock on March 08, 2024, and upped its price target to $180.
GE Aerospace [GE] stock has fluctuated between $84.16 and $190.88 over the past year. Currently, Wall Street analysts expect the stock to reach $154.95 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $183.89 at the most recent close of the market. An investor can expect a potential drop of -15.74% based on the average GE price forecast.
Analyzing the GE fundamentals
GE Aerospace [NYSE:GE] reported sales of 61.92B for the trailing twelve months, which represents a drop of -45.53%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
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 182.82 points at the first support level, and at 181.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 185.83, and for the 2nd resistance point, it is at 187.78.
Ratios To Look Out For
For context, GE Aerospace’s Current Ratio is 1.14. In addition, the Quick Ratio stands at 0.85 and the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 3.22, the price to book ratio is 10.72 and price to earnings (TTM) ratio is 43.64.
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.
