In yesterday’s Wall Street session, GE Aerospace (NYSE:GE) shares traded at $159.01, down -1.80% from the previous session.
GE stock price is now -2.13% away from the 50-day moving average and 28.15% away from the 200-day moving average. The market capitalization of the company currently stands at $174.05B.
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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, Stokes Russell, Senior Vice President sold 45,309 shares of the company’s stock on May 23 ’24. The stock was sold for $7,377,211 at an average price of $162.82. Upon completion of the transaction, the Senior Vice President now directly owns 112,958 shares in the company, valued at $17.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, Vice President Giglietti Robert M. sold 5,127 shares of the business’s stock. A total of $821,294 was realized by selling the stock at an average price of $160.19. This leaves the insider owning 6,448 shares of the company worth $1.03 million. A total of 0.41% of the company’s stock is owned by insiders.
During the past 12 months, GE Aerospace has had a low of $84.16 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 stock market information, the enterprise value for the company is $177450401792, which is based on a 52.20 price-to-earnings ratio, a 1.91 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for GE is $162.4176 and a two-hundred day moving average price translates $124.47577 for the stock.
The latest earnings results from GE Aerospace (NYSE: GE) was released for 2024-03-31. 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.
