During the recent session, GE Aerospace (NYSE:GE)’s traded shares were 1.43 million, with the beta value of the company hitting 1.23. At the last check today, the stock’s price was $196.42, reflecting an intraday loss of -2.18% or -$4.38. The 52-week high for the GE share is $207.65, that puts it down -5.72 from that peak though still a striking 48.66% gain since the share price plummeted to a 52-week low of $100.85. The company’s market capitalization is $212.58B, and the average intraday trading volume over the past 10 days was 7.05 million shares, and the average trade volume was 5.14 million shares over the past three months.
GE Aerospace (GE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.38. GE has a Sell rating from 0 analyst(s) out of 16 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.21.
GE Aerospace (NYSE:GE) trade information
GE Aerospace (GE) registered a -2.18% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.18% in intraday trading to $196.42, hitting a weekly high. The stock’s 5-day price performance is 9.28%, and it has moved by 16.66% in 30 days. Based on these gigs, the overall price performance for the year is 89.52%. The short interest in GE Aerospace (NYSE:GE) is 13.18 million shares and it means that shorts have 2.48 day(s) to cover.
The consensus price target of analysts on Wall Street is $217.5, which implies an increase of 9.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $200 and $230 respectively. As a result, GE is trading at a discount of -17.1% off the target high and -1.82% off the low.
GE Aerospace (GE) estimates and forecasts
Statistics show that GE Aerospace has outperformed its competitors in share price, compared to the industry in which it operates. GE Aerospace (GE) shares have gone up 21.02% during the last six months, with a year-to-date growth rate more than the industry average at 13.48% against -10.40. In the rating firms’ projections, revenue will increase 2.94% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 9.11B as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 9.41B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 16.05B and 9.09B respectively. In this case, analysts expect current quarter sales to shrink by -43.22% and then jump by 3.51% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 94.28%. While earnings are projected to return 16.02% in 2025, the next five years will return 30.48% per annum.
GE Dividends
GE Aerospace is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for GE Aerospace is 1.12, with the dividend yield indicating at 0.57 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.39%.
GE Aerospace (NYSE:GE)’s Major holders
GE Aerospace insiders own 0.16% of total outstanding shares while institutional holders control 79.06%, with the float percentage being 79.19%. VANGUARD GROUP INC is the largest shareholder of the company, while 2866.0 institutions own stock in it. As of 2024-06-30, the company held over 89.33 million shares (or 8.188% of all shares), a total value of $14.2 billion in shares.
The next largest institutional holding, with 79.74 million shares, is of BLACKROCK INC.’s that is approximately 7.3088% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.68 billion.
Also, the Mutual Funds coming in first place with the largest holdings of GE Aerospace (GE) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 32.65 shares. This amounts to just over 3.02 percent of the company’s overall shares, with a $6.45 billion market value. The same data shows that the other fund manager holds slightly less at 28.4, or about 2.62% of the stock, which is worth about $5.61 billion.
