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 3.70% and 8.17% over the past three months. GE shares are trading 16.57% year to date (YTD), with the 12-month market performance up to 87.63% higher. It has a 12-month low price of $103.43 and touched a high of $207.65 over the same period. GE has an average intraday trading volume of 5.26 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 8.36%, 10.23%, and 13.66% respectively.
Institutional ownership of GE Aerospace (NYSE: GE) shares accounts for 78.56% of the company’s 1.08B shares outstanding.
It has a market capitalization of $210.43B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 32.55, while the earnings-per-share (ttm) stands at $5.97. The company has a PEG of 1.89 and a Quick Ratio of 0.81 with the debt-to-equity ratio at 1.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.91% over the week and 2.13% over the month.
Earnings per share for the fiscal year are expected to increase by 16.89%, and 19.78% over the next financial year. EPS should shrink at an annualized rate of 17.19% over the next five years, compared to 94.28% over the past 5-year period.
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.
