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

176.75

Mkt cap

191B

Volume

4.6M

High

177.92

P/E Ratio

34.90

52-wk high

194.80

Low

175.89

Div yield

0.01

52-wk low

94.31

Investors Business Daily's SwingTrader has added GE Aerospace to its portfolio, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 4:20 pm

Deutsche Bank analyst Scott Deuschle maintains a Buy rating on GE Aero (NYSE:GE) and raises the price target from $195 to $209.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 3:40 pm

Dolby Laboratories (NYSE:DLB) announced a $429 million all-cash acquisition of GE Licensing from GE Aerospace (NYSE:GE). The deal, expected to close by the end of fiscal year 2024, will add over 5,000 patents to Dolby's portfolio, particularly in video compression technology. The acquisition is anticipated to be accretive to Dolby's operating margins and EPS on a non-GAAP basis in fiscal 2025. GE Aerospace will retain its core aerospace and defense IP portfolio.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 4:06 pm

Dolby Laboratories (NYSE: DLB) announced it will acquire GE Licensing for $429 million in an all-cash transaction. The acquisition aims to strengthen Dolby's licensing business and is expected to be accretive to operating margins and EPS in fiscal 2025.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:37 pm

GE Aero (NYSE:GE) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.39%. A $100 investment in GE stock 5 years ago would now be worth $324.79. The article highlights the power of compounded returns over time.