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

The upcoming week's earnings reports from major companies like Tesla, Meta Platforms, Microsoft, and Alphabet are highly anticipated as they could influence the market's direction. FactSet's report indicates that S&P 500 companies' earnings surprises are at or above their 10-year averages, despite a slight decline in the combined earnings per share growth rate. The focus shifts to tech companies, with 158 S&P 500 companies, including 11 Dow 30 components, expected to release their earnings. Tesla is expected to report a downbeat quarter, while Microsoft, Alphabet, and Meta are anticipated to report strong results. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) have seen declines from their all-time highs.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 9:45 pm

Today's session highlighted significant options activity in the Industrials sector, with notable movements in stocks like GE, BLDR, BA, ZIM, NXT, PH, GD, EMR, SPWR, and URI. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This unusual options activity could indicate investor expectations and potential market movements for these companies.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 5:35 pm

GE Vernova Inc. (NYSE:GEV) shares are trading lower despite Mizuho analyst Maheep Mandloi initiating coverage with a Buy rating and a price target of $154. Mandloi highlights GE Vernova's strengths in the gas power business, wind business margin expansion, and growth in electrification and grid services. The analyst projects significant EBITDA growth in the Power and Wind businesses by 2026 and anticipates increased demand from AI/data center needs, leading to a 10% Adjusted EBITDA margin by 2026.

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 5:07 pm

GE has sold its historic Crotonville management academy as part of its corporate restructuring, marking a significant shift in corporate training paradigms. The sale, for $22 million to real-estate investors and family offices, reflects a broader trend among major companies like 3M, Boeing, and Salesforce, which are moving away from traditional in-person training retreats in favor of remote and on-site training methods. This move is seen as more efficient and cost-effective. GE Aerospace was launched as an independent company following the spin-off of GE Vernova Inc.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 10:40 am

GE Aero (NYSE:GE) has significantly outperformed the market with an annualized return of 27.64% over the past 5 years, turning a $1000 investment into $3,448.28 today. The company now boasts a market capitalization of $168.53 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:30 pm

Financial analysts have observed a significant bearish trend in options trading for GE Aero (NYSE:GE), with a mix of bullish and bearish sentiments among traders. Despite the bearish options activity, professional analysts have set an average price target of $174.0 for GE, with individual targets ranging from $160 to $190. The company, a leader in aerospace engineering and services, has seen its stock price decrease by -1.53%, currently at $152.12. The next earnings report is expected in 13 days, potentially influencing the stock's future performance.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 6:30 pm

Jefferies analyst Sheila Kahyaoglu maintains a Buy rating on GE Aero, while lowering the price target from $195 to $180.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:41 pm

GE Aerospace shares are trading lower due to overall market weakness and potential volatility from the recent GE Vernova spin-off, as investors await Wednesday's CPI report.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:03 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Western Digital, Netflix, GE Aero, Nasdaq, Inc., Charter Communications, Tesla, Carlisle Companies, Robinhood Markets, Chipotle Mexican Grill, and Cisco Systems. The changes include both upgrades and downgrades, with adjustments to price targets reflecting analysts' latest views on these stocks.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 12:39 pm

TD Cowen analyst Gautam Khanna upgraded GE Aero, a division of General Electric (NYSE:GE), from Hold to Buy and increased the price target from $175 to $180.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:01 pm

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