Currently, there are 1.08B common shares owned by the public and among those 1.08B shares have been available to trade.
The company’s stock has a 5-day price change of 2.56% and -7.48% over the past three months. GE shares are trading 6.04% year to date (YTD), with the 12-month market performance up to 70.81% higher. It has a 12-month low price of $100.64 and touched a high of $194.80 over the same period. GE has an average intraday trading volume of 4.91 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 4.44%, 1.45%, and 4.53% respectively.
Institutional ownership of GE Aerospace (NYSE: GE) shares accounts for 78.54% of the company’s 1.08B shares outstanding.
It has a market capitalization of $191.41B and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 31.19, while the earnings-per-share (ttm) stands at $5.67. The company has a PEG of 1.02 and a Quick Ratio of 0.85 with the debt-to-equity ratio at 1.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.05% over the week and 2.11% over the month.
Analysts forecast that GE Aerospace (GE) will achieve an EPS of 1.05 for the current quarter, 1.16 for the next quarter and 5.26 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.91 while analysts give the company a high EPS estimate of 0.91. Comparatively, EPS for the current quarter was 1.03 a year ago. Earnings per share for the fiscal year are expected to increase by 92.07%, and 21.45% over the next financial year.
Bernstein coverage for the GE Aerospace (GE) stock in a research note released on October 14, 2024 offered a Outperform rating with a price target of $225. Bernstein was of a view on September 10, 2024 that the stock is Outperform, while TD Cowen gave the stock Buy rating on April 09, 2024, issuing a price target of $175- $180. Goldman on their part issued Buy rating on April 09, 2024.
