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

UBS analyst Gavin Parsons maintains a Buy rating on GE Aero (NYSE:GE) and raises the price target from $191 to $201.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:57 pm

GE Aerospace plans to hire 900 engineers this year, according to the company's CEO. This move is part of GE's strategy to bolster its engineering capabilities and support future growth.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:45 pm

Speculative posts on social media suggest that GE Aerospace may have been the victim of a major ransomware breach. The posts are unconfirmed but have generated significant attention among traders.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:05 pm

GE Aero (NYSE:GE) has outperformed the market over the past 5 years, producing an average annual return of 26.55%. A $1000 investment in GE 5 years ago would be worth $3,272.20 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:00 pm

JP Morgan analyst Seth Seifman has maintained an Overweight rating on GE Aero (NYSE:GE) and increased the price target from $148 to $175. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:18 pm

Representative Ro Khanna (D-Calif.) disclosed multiple stock trades while advocating for a ban on stock trading by Congress members. The trades include significant sales in iShares Russell 2000 ETF (IWM) and GE Aerospace (GE), raising questions about potential conflicts of interest. Khanna argues that his portfolio is managed by third-party advisors, likening it to an index fund, and emphasizes his support for the Trust Act to ban stock trading by Congress members.

Portfolio Pulse from Chris Katje

May 12, 2024 | 2:54 pm

AI is significantly impacting the pharmaceutical industry, from drug discovery to marketing, with Alphabet Inc's Google DeepMind developing AlphaFold 3, an AI model that predicts the structure of biological molecules. McKinsey reports AI could generate $60 billion-$110 billion annually for the industry, speeding up drug discovery and development. Collaborations like Bayer AG and Google Cloud are developing AI solutions for healthcare. Key players include Nvidia, Intel, IBM, Google, GE, Microsoft, Medtronic, Micron Technology, Amazon Web Services, and Siemens Healthineers.

Portfolio Pulse from Vandana Singh

May 10, 2024 | 6:49 pm

GE Aero (NYSE:GE) has seen a decrease in short interest, with the short percent of float falling 4.76% to 1.0% of all shares available for trading. The current short interest stands at 10.93 million shares, with a cover time of 1.04 days based on trading volume. This decline in short interest may indicate a more bullish sentiment towards GE Aero compared to its peers, where the average short interest as a percentage of float is 2.44%.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

Financial giants have shown a bearish sentiment on GE Aero (NYSE:GE) through unusual options trading activity, with a mix of bullish and bearish trades but a higher value in calls. The price target window is between $125.0 and $210.0. GE Aerospace, a leader in aircraft engines, has seen its stock price increase by 1.1% to $169.82, with market experts issuing a consensus target price of $182.4. Analyst ratings vary, with Goldman Sachs and Wells Fargo providing the highest target prices at $190 and $192, respectively.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:45 pm

Today's session highlighted significant options activity in the Industrials sector, with notable trades on UAL, JBLU, RUN, UBER, CAT, ETN, CPA, MTZ, AAL, and GE. The activity ranged from bearish call options to bullish put options, with varying expiration dates and strike prices. This options activity could indicate traders' sentiment and potential market movements in these stocks.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 5:35 pm

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