While GE Aerospace has underperformed by -1.62%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GE rose by 105.01%, with highs and lows ranging from $166.07 to $77.69, whereas the simple moving average jumped by 52.60% in the last 200 days.
On April 09, 2024, TD Cowen Upgraded GE Aerospace (NYSE: GE) to Buy. Vertical Research also rated GE shares as ‘Buy’, setting a target price of $160 on the company’s shares in an initiating report dated April 04, 2024. Wells Fargo Reiterated the rating as Overweight on March 27, 2024, but set its price target from $177 to $200. JP Morgan March 08, 2024d its ‘Neutral’ rating to ‘Overweight’ for GE, as published in its report on March 08, 2024. RBC Capital Mkts’s report from December 18, 2023 suggests a price prediction of $150 for GE shares, giving the stock a ‘Outperform’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of GE Aerospace (GE)
The current dividend for GE investors is set at $0.52 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 10.83%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of GE Aerospace’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 14.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.82, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and GE is recording an average volume of 8.63M. On a monthly basis, the volatility of the stock is set at 3.91%, whereas on a weekly basis, it is put at 2.76%, with a loss of -0.49% over the past seven days. Furthermore, long-term investors anticipate a median target price of $184.54, showing growth from the present price of $161.82, which can serve as yet another indication of whether GE is worth investing in or should be passed over.
How Do You Analyze GE Aerospace Shares?
GE Aerospace (GE) is based in the USA and is one of the most prominent companies operating in the Aerospace & Defense market. When comparing GE Aerospace shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 53.12, there is a growth in quarterly earnings of -79.24%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.09% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GE shares are owned by institutional investors to the tune of 76.09% at present.
