GE Aerospace (NYSE: GE): Hunting Genuine Value In Market Debris

Currently, there are 1.09B common shares owned by the public and among those 1.09B shares have been available to trade.

However, the script later moved the day high at 156.98, down -0.60%. The company’s stock has a 5-day price change of -1.80% and 48.49% over the past three months. GE shares are trading 51.00% year to date (YTD), with the 12-month market performance up to 104.37% higher. It has a 12-month low price of $74.55 and touched a high of $158.44 over the same period. GE has an average intraday trading volume of 8.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.23%, 17.73%, and 50.40% respectively.

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Institutional ownership of GE Aerospace (NYSE: GE) shares accounts for 76.29% of the company’s 1.09B shares outstanding.

It has a market capitalization of $168.04B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 18.39, while the earnings-per-share (ttm) stands at $8.36. The company has a PEG of 0.74 and a Quick Ratio of 0.85 with the debt-to-equity ratio at 0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.51% over the week and 3.28% over the month.

Earnings per share for the fiscal year are expected to increase by 81.08%, and 29.57% over the next financial year.

Looking at the support for the GE, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on April 09, 2024, with the firm’s price target at $175-$180. Goldman coverage for the GE Aerospace (GE) stock in a research note released on April 09, 2024 offered a Buy rating with a price target of $190. Vertical Research was of a view on April 04, 2024 that the stock is Buy, while Wells Fargo gave the stock Overweight rating on March 27, 2024, issuing a price target of $177- $200. JP Morgan on their part issued Overweight rating on March 08, 2024.

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