GE Aerospace [GE] stock is trading at $172.89, up 0.34%. An important factor to consider is whether the stock is rising or falling in short-term value. The GE shares have gain 3.66% over the last week, with a monthly amount drifted -1.53%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Bernstein reaffirmed its Outperform rating on October 14, 2024, and elevated its price target to $225. On September 10, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $201 on the stock. TD Cowen upgraded its rating to a Buy and increased its price target to $180 on April 09, 2024. Vertical Research started tracking with a Buy rating for this stock on April 04, 2024, and assigned it a price target of $160. In a note dated March 27, 2024, Wells Fargo reiterated an Overweight rating on this stock and boosted its target price from $177 to $200.
GE Aerospace [GE] stock has fluctuated between $99.06 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 $172.89 at the most recent close of the market. An investor can expect a potential return of 25.08% 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 of1.06.
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 171.21 points at the first support level, and at 169.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 174.08, and for the 2nd resistance point, it is at 175.26.
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 3.44, the price to book ratio is 9.91 and price to earnings (TTM) ratio is 30.49.
Transactions by insiders
Recent insider trading involved GHAI RAHUL, Senior Vice President, that happened on May 09 ’24 when 225.0 shares were sold. Senior Vice President, GHAI RAHUL completed a deal on May 10 ’24 to sell 37.0 shares. Meanwhile, Vice President Giglietti Robert M. sold 15735.0 shares on Nov 21 ’24.
