Streetbeat News

General Electric Company

https://www.geaerospace.com

Industry

Aerospace & Defense

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.

Open

195.37

Mkt cap

212B

Volume

2.7M

High

197.70

P/E Ratio

32.37

52-wk high

212.19

Low

193.60

Div yield

0.01

52-wk low

133.99

GE Aerospace has partnered with Microsoft to implement the AI Wingmate platform, powered by Azure AI, to enhance productivity and innovation among its 52,000 employees. This collaboration aims to improve safety, sustainability, and supply chain efficiency in the aerospace industry.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:21 am

Deutsche Bank analyst Scott Deuschle maintains a Buy rating on GE Aero and raises the price target from $210 to $212.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:14 pm

Deep-pocketed investors are showing a bearish sentiment towards GE Aero, with significant options activity indicating potential market movements. The options activity includes both puts and calls, with a notable price window of $160 to $260. GE's stock is currently up 0.61% at $181.43, with an analyst setting a price target of $201.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 2:48 pm

The article highlights unusual options activity for 10 industrial stocks, providing insights into potential trading opportunities. Notable mentions include bullish sentiment for CHPT, GEV, LYFT, and FERG, while bearish sentiment is observed for SYM, LMT, GE, and GWW.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 5:35 pm

GE Aero (NYSE:GE) has significantly outperformed the market over the past 5 years, with an annualized return of 30.72%. A $1000 investment in GE 5 years ago would now be worth $3,808.39, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 7:33 pm

The article corrects the ticker symbol for GE Vernova, which is 'GEV'. This clarification is important for investors tracking GE Vernova's market performance.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:18 pm

GE Vernova shares rose as the company confirmed its full-year guidance, and Evercore ISI increased its price target to $240.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:20 pm

Deep-pocketed investors are showing significant interest in GE Aero options, with a mix of bullish and bearish sentiments. The options activity suggests a focus on a price range of $160 to $185. GE Aero's stock is currently trading at $166.98, with an anticipated earnings release in 42 days.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 8:46 pm

Safran's CEO anticipates continued pressure on the aerospace supply chain through 2025. Meanwhile, GE Aerospace's CEO acknowledges the long journey ahead in developing Rise engine technology but remains confident in its success.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:21 pm

Bernstein analyst Brendan Luecke has initiated coverage on GE Aero with an Outperform rating and set a price target of $201.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 9:44 am

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