GE Aerospace (GE) Shares on the Rise: Short-term Analysis

GE Aerospace [GE] stock prices are up 3.03% to $164.80 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GE shares have lost -0.02% over the last week, with a monthly amount drifted -7.19%, and not seem to be holding up well over a long-time horizon.

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.

The stock price of GE Aerospace [GE] has been fluctuating between $98.27 and $194.80 over the past year. Currently, Wall Street analysts expect the stock to reach $216.25 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $164.80 at the most recent close of the market. An investor can expect a potential return of 31.22% based on the average GE price forecast.

Analyzing the GE fundamentals

The GE Aerospace [NYSE:GE] reported sales of 54.40B for trailing twelve months, representing 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.06.

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 162.73 points at the first support level, and at 160.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 166.32, and for the 2nd resistance point, it is at 167.84.

Ratios To Look Out For

It’s worth pointing out that GE Aerospace [NYSE:GE]’s Current Ratio is 1.13. Further, the Quick Ratio stands at 0.85, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 3.28, the price to book ratio is 9.45 and price to earnings (TTM) ratio is 29.07.

Transactions by insiders

Recent insider trading involved Giglietti Robert M., Vice President, that happened on Nov 21 ’24 when 15735.0 shares were sold. Vice President, Giglietti Robert M. completed a deal on Nov 22 ’24 to sell 8010.0 shares. Meanwhile, Senior Vice President Stokes Russell sold 15550.0 shares on Nov 18 ’24.

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