GE Aerospace (NYSE:GE) shares traded -2.46% lower at $163.38 on Wall Street last session.
GE stock price is now 10.73% away from the 50-day moving average and 49.76% away from the 200-day moving average. The market capitalization of the company currently stands at $178.84B.
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With the price target enhanced from $175 to $180, TD Cowen Upgraded its rating from Hold to Buy for GE Aerospace (NYSE: GE)., while ‘Vertical Research’ rates the stock as ‘Buy’
In other news, Holston Michael J, Senior Vice President sold 22,055 shares of the company’s stock on Feb 14 ’24. The stock was sold for $3,195,108 at an average price of $144.87. Upon completion of the transaction, the Senior Vice President now directly owns 56,284 shares in the company, valued at $9.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02 ’24, Senior Vice President Holston Michael J sold 13,601 shares of the business’s stock. A total of $1,843,616 was realized by selling the stock at an average price of $135.55. This leaves the insider owning 48,339 shares of the company worth $7.9 million. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, GE Aerospace has had a low of $77.93 and a high of $170.80. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 1.17, and a quick ratio of 0.82.
According to the Aerospace & Defense Company, earnings per share came in at 0.68, beating analysts’ expectations of 0.46 by 0.22. This compares to $1.15 EPS in the same period last year. The net profit margin was 4.83% and return on equity was 14.12% for GE. The company reported revenue of $16.05 billion for the quarter, compared to $14.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.82 percent. For the current quarter, analysts expect GE to generate $8.74B in revenue.
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