In yesterday’s Wall Street session, GE Aerospace (NYSE:GE) shares traded at $169.94, up 1.18% from the previous session.
GE stock price is now 4.36% away from the 50-day moving average and 27.50% away from the 200-day moving average. The market capitalization of the company currently stands at $184.27B.
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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, General Electric Pension Trust, Affiliate bought 425,000 shares of the company’s stock on Aug 14 ’24. The stock was bought for $70,919,750 at an average price of $166.87. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, Senior Vice President Stokes Russell sold 45,309 shares of the business’s stock. A total of $7,377,211 was realized by selling the stock at an average price of $162.82. This leaves the insider owning 112,958 shares of the company worth $19.2 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 $177.20. As of last week, the company has a debt-to-equity ratio of 1.12, a current ratio of 1.14, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $188037038080, which is based on a 40.33 price-to-earnings ratio, a 1.36 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for GE is $162.8342 and a two-hundred day moving average price translates $133.32158 for the stock.
The latest earnings results from GE Aerospace (NYSE: GE) was released for 2024-06-30. The net profit margin was 7.49% and return on equity was 18.50% for GE. The company reported revenue of $9.09 billion for the quarter, compared to $8.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.87 percent.
