In yesterday’s Wall Street session, GE Aerospace (NYSE:GE) shares traded at $178.40, down -2.81% from the previous session.
GE stock price is now -1.97% away from the 50-day moving average and 11.60% away from the 200-day moving average. The market capitalization of the company currently stands at $193.08B.
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With the price target enhanced from $201 to $225, Bernstein maintained Outperform rating for GE Aerospace (NYSE: GE). On September 10, 2024, Bernstein recently initiated its ‘Outperform’ rating on the stock quoting a target price of $201, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Procacci Riccardo, Senior Vice President sold 7,000 shares of the company’s stock on Nov 06 ’24. The stock was sold for $1,267,910 at an average price of $181.13. Upon completion of the transaction, the Senior Vice President now directly owns 13,289 shares in the company, valued at $2.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01 ’24, Senior Vice President Gowder Amy L sold 6,958 shares of the business’s stock. A total of $1,132,136 was realized by selling the stock at an average price of $162.71. This leaves the insider owning 9,433 shares of the company worth $1.68 million. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, GE Aerospace has had a low of $92.17 and a high of $194.80. As of last week, the company has a debt-to-equity ratio of 1.12, a current ratio of 1.13, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $198810255360, which is based on a 31.47 price-to-earnings ratio, a 1.06 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for GE is $181.9774 and a two-hundred day moving average price translates $159.86763 for the stock.
The latest earnings results from GE Aerospace (NYSE: GE) was released for 2024-09-30. The net profit margin was 11.45% and return on equity was 25.82% for GE. The company reported revenue of $9.84 billion for the quarter, compared to $9.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.81 percent.
