At the time of writing, GE Aerospace [GE] stock is trading at $204.11, up 0.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GE shares have gain 4.96% over the last week, with a monthly amount glided 22.38%, and 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.
For the past year, the stock price of GE Aerospace fluctuated between $105.65 and $207.65. Currently, Wall Street analysts expect the stock to reach $216.25 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $204.11 at the most recent close of the market. An investor can expect a potential return of 5.95% based on the average GE price forecast.
Analyzing the GE fundamentals
According to GE Aerospace [NYSE:GE], the company’s sales were 45.80B for trailing twelve months, which represents an -44.31% plunge. 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 200.48 points at the first support level, and at 196.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 206.24, and for the 2nd resistance point, it is at 208.36.
Ratios To Look Out For
It is important to note that GE Aerospace [NYSE:GE] has a current ratio of 1.09. Also, the Quick Ratio is 0.81, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 4.82, the price to book ratio is 11.33 and price to earnings (TTM) ratio is 34.17.
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.
