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The price of GE Aerospace (NYSE: GE) closed at $175.36 in the last session, down -2.09% from day before closing price of $179.10. In other words, the price has decreased by -$2.09 from its previous closing price. On the day, 5.68 million shares were traded. GE stock price reached its highest trading level at $180.58 during the session, while it also had its lowest trading level at $175.21.
Ratios:
We take a closer look at GE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.09. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Bernstein on October 14, 2024, Reiterated its Outperform rating but revised its target price to $225 from $201 previously.
On September 10, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $201.
TD Cowen Upgraded its Hold to Buy on April 09, 2024, whereas the target price for the stock was revised from $175 to $180.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 14 ’24 when General Electric Pension Trust bought 425,000 shares for $166.87 per share.
Stokes Russell sold 45,309 shares of GE for $7,377,211 on May 23 ’24. The Senior Vice President now owns 112,958 shares after completing the transaction at $162.82 per share. On May 22 ’24, another insider, Giglietti Robert M., who serves as the Vice President of the company, sold 5,127 shares for $160.19 each. As a result, the insider received 821,294 and left with 6,448 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GE now has a Market Capitalization of 196641685504 and an Enterprise Value of 195520069632. As of this moment, GE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.93, and their Forward P/E ratio for the next fiscal year is 33.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.49 while its Price-to-Book (P/B) ratio in mrq is 10.06. Its current Enterprise Value per Revenue stands at 2.795 whereas that against EBITDA is 21.882.
Stock Price History:
Over the past 52 weeks, GE has reached a high of $194.80, while it has fallen to a 52-week low of $84.32. The 50-Day Moving Average of the stock is -2.53%, while the 200-Day Moving Average is calculated to be 13.11%.
Shares Statistics:
According to the various share statistics, GE traded on average about 4.62M shares per day over the past 3-months and 5662700 shares per day over the past 10 days. A total of 1.09B shares are outstanding, with a floating share count of 1.08B. Insiders hold about 0.29% of the company’s shares, while institutions hold 79.36% stake in the company. Shares short for GE as of 1728950400 were 10892821 with a Short Ratio of 2.36, compared to 1726185600 on 13239167. Therefore, it implies a Short% of Shares Outstanding of 10892821 and a Short% of Float of 1.01.
Dividends & Splits
The forward annual dividend rate for GE is 0.92, which was 0.92 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.005136795The stock’s 5-year Average Dividend Yield is 0.38.
Earnings Estimates
The market rating of GE Aerospace (GE) is currently shaped by the ongoing analysis conducted by 10.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $1.15, with high estimates of $1.25 and low estimates of $1.07.
Analysts are recommending an EPS of between $4.43 and $4.28 for the fiscal current year, implying an average EPS of $4.33. EPS for the following year is $5.23, with 11.0 analysts recommending between $5.6 and $4.96.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $9.62B. It ranges from a high estimate of $9.91B to a low estimate of $9.34B. As of the current estimate, GE Aerospace’s year-ago sales were $19.42BFor the next quarter, 11 analysts are estimating revenue of $9.06B. There is a high estimate of $9.18B for the next quarter, whereas the lowest estimate is $8.8B.
A total of 11 analysts have provided revenue estimates for GE’s current fiscal year. The highest revenue estimate was $35.09B, while the lowest revenue estimate was $34.42B, resulting in an average revenue estimate of $34.83B. In the same quarter a year ago, actual revenue was $67.95BBased on 12 analysts’ estimates, the company’s revenue will be $39.18B in the next fiscal year. The high estimate is $39.91B and the low estimate is $38.42B.
