GE Aerospace [GE] stock is trading at $178.40, down -2.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The GE shares have lost -0.25% over the last week, with a monthly amount drifted -7.17%, and not 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 October 14, 2024, when Bernstein reiterated its Outperform rating and also boosted its price target to $225 from $201. Previously, Bernstein started tracking the stock with Outperform rating on September 10, 2024, and set its price target to $201. On April 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $180 on the stock. Vertical Research initiated its recommendation with a Buy and recommended $160 as its price target on April 04, 2024. Wells Fargo reiterated a Overweight rating for this stock on March 27, 2024, and upped its price target to $200. In a note dated March 08, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $166 to $180.
GE Aerospace [GE] stock has fluctuated between $92.17 and $194.80 over the past year. Currently, Wall Street analysts expect the stock to reach $160.37 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $178.40 at the most recent close of the market. An investor can expect a potential drop of -10.11% based on the average GE price forecast.
Analyzing the GE fundamentals
GE Aerospace [NYSE:GE] reported sales of 54.40B for the trailing twelve months, which represents a drop of -43.31%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.26 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 175.99 points at the first support level, and at 173.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 182.30, and for the 2nd resistance point, it is at 186.21.
Ratios To Look Out For
For context, GE Aerospace’s Current Ratio is 1.13. On the other hand, the Quick Ratio is 0.85, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 3.55, the price to book ratio is 10.23 and price to earnings (TTM) ratio is 31.47.
Transactions by insiders
Recent insider trading involved Procacci Riccardo, Senior Vice President, that happened on Nov 06 ’24 when 7000.0 shares were sold. Senior Vice President, Gowder Amy L completed a deal on Jun 01 ’24 to sell 6958.0 shares. Meanwhile, Officer Riccardo Procacci bought 7000.0 shares on Nov 06 ’24.
