GE Aerospace [NYSE: GE] slipped around -0.94 points on Monday, while shares priced at $180.21 at the close of the session, down -0.52%.
Compared to the average trading volume of 4.51M shares, GE reached a trading volume of 9739022 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about GE Aerospace [GE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GE shares is $211.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GE stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for GE Aerospace shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 14, 2024. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on September 10, 2024, representing the official price target for GE Aerospace stock. Previously, the target price had yet another raise from $175 to $180, while TD Cowen kept a Buy rating on GE stock.
The Average True Range (ATR) for GE Aerospace is set at 4.03, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 3.63. The Price to Book ratio for the last quarter was 10.33, with the Price to Cash per share for the same quarter was set at 14.54. Price to Free Cash Flow for GE in the course of the last twelve months was 37.60 with Quick ratio for the last quarter at 0.85.
How has GE stock performed recently?
GE Aerospace [GE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.52. With this latest performance, GE shares gained by 0.62% in over the last four-week period, additionally plugging by 6.91% over the last 6 months – not to mention a rise of 88.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GE stock in for the last two-week period is set at 50.45, with the RSI for the last a single of trading hit 52.21, and the three-weeks RSI is set at 50.37 for GE Aerospace [GE]. The present Moving Average for the last 50 days of trading for this stock 183.19, while it was recorded at 179.12 for the last single week of trading, and 162.32 for the last 200 days.
GE Aerospace [GE]: Deeper insight into the fundamentals
GE Aerospace’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 1.13.
Earnings analysis for GE Aerospace [GE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GE Aerospace go to 29.70%.
Insider trade positions for GE Aerospace [GE]
There are presently around $79.01%, or 79.14%% of GE stock, in the hands of institutional investors. The top three institutional holders of GE stocks are: VANGUARD GROUP INC with ownership of 89.33 million shares, which is approximately 8.188%. BLACKROCK INC., holding 79.74 million shares of the stock with an approximate value of $$12.68 billion in GE stocks shares; and BLACKROCK INC., currently with $$10.76 billion in GE stock with ownership which is approximately 6.2012%.
