GE Aerospace (NYSE: GE) – Not A Clear Buying Opportunity?

GE Aerospace (GE) concluded trading on Wednesday at a closing price of $209.64, with 4.59 million shares of worth about $962.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.63% during that period and on February 12, 2025 the price saw a gain of about 0.39%. Currently the company’s common shares owned by public are about 1.07B shares, out of which, 1.07B shares are available for trading.

Stock saw a price change of 2.47% in past 5 days and over the past one month there was a price change of 22.19%. Year-to-date (YTD), GE shares are showing a performance of 25.69% which increased to 88.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $110.61 but also hit the highest price of $209.15 during that period. The average intraday trading volume for GE Aerospace shares is 5.26 million. The stock is currently trading 5.90% above its 20-day simple moving average (SMA20), while that difference is up 15.23% for SMA50 and it goes to 20.64% higher than SMA200.

GE Aerospace (NYSE: GE) currently have 1.07B outstanding shares and institutions hold larger chunk of about 79.81% of that.

The stock has a current market capitalization of $225.00B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 35.10, while it has posted earnings per share of $5.97 in the same period. Its PEG reads 2.03 and has Quick Ratio of 0.81 while making debt-to-equity ratio of 1.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GE, volatility over the week remained 1.82% while standing at 2.31% over the month.

Stock’s fiscal year EPS is expected to rise by 17.50% while it is estimated to increase by 19.14% in next year. EPS is likely to shrink at an annualized rate of 17.30% for next 5-years, compared to annual growth of 94.19% made by the stock over the past 5-years.

Coverage by Bernstein stated GE Aerospace (GE) stock as an Outperform in their note to investors on October 14, 2024, suggesting a price target of $225 for the stock. On September 10, 2024, Bernstein Initiated their recommendations, while on April 09, 2024, TD Cowen Upgrade their ratings for the stock with a price target of $180. Stock get a Buy rating from Goldman on April 09, 2024.

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