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 have shown a bearish stance on General Electric (NYSE:GE) through unusual options trading activity, with a split sentiment of 48% bullish and 51% bearish. A total of 29 uncommon options trades were spotted, with a notable focus on calls over puts. The trades target a price range for GE between $80.0 to $230.0. Current trading volume and price suggest potential overbought conditions, with an anticipated earnings release in 50 days. Analysts have set an average price target of $172.33, with varying ratings from Overweight to Neutral.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 6:46 pm

JP Morgan analyst Seth Seifman has maintained a Neutral rating on General Electric (GE) and increased the price target from $134 to $166. This adjustment reflects a more optimistic outlook on GE's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 4:14 pm

RBC Capital analyst Deane Dray maintains an Outperform rating on General Electric (GE) and raises the price target from $148 to $170.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:50 pm

The GE Board of Directors has officially approved the spin-off of GE Vernova, which, along with GE Aerospace, is set to launch on April 2, 2024. This strategic move is aimed at streamlining GE's operations and focusing on its core businesses.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:52 pm

Eight analysts have recently updated their ratings on General Electric (NYSE:GE), showing a mix of bullish and somewhat bullish sentiments, with an average 12-month price target of $151.0, up from $137.00. The ratings adjustments reflect analysts' responses to GE's market performance and company developments. GE's financials indicate strong growth, profitability, and effective debt management, with a notable market capitalization, revenue growth of 15.43%, a net margin of 8.2%, ROE of 5.68%, and ROA of 1.0%. The company's strategic positioning and financial health are highlighted as key factors in its market performance.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 4:01 pm

General Electric (NYSE:GE) is analyzed in comparison to its competitors in the Industrial Conglomerates industry, focusing on financial metrics and market position. GE shows a premium valuation with higher P/E, P/B, and P/S ratios than the industry average. However, it also demonstrates strong financial performance with higher ROE, EBITDA, gross profit, and revenue growth compared to its peers. The analysis suggests GE may be overvalued but also highlights its strong financial health and performance.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 4:00 pm

Barclays analyst Julian Mitchell has maintained an Overweight rating on General Electric (GE) and increased the price target from $153 to $181, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:43 pm

Market whales have shown a bearish stance on General Electric (NYSE:GE) through significant options trading activity. Benzinga's options scanner revealed 37 unusual trades, with a sentiment split of 21% bullish and 78% bearish. Notable trades include both puts and calls with a predicted price range for GE between $140.0 and $170.0 over the next three months. The volume and open interest trends in GE's options indicate a high level of activity and interest in these price levels. GE's current stock price is $154.07, with potential indicators of being overbought.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:45 pm

Over the past 5 years, General Electric (NYSE:GE) has outperformed the market with an annualized return of 18.81%, turning a $100 investment into $239.31 today. GE's market capitalization stands at $168.53 billion.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 6:00 pm

Goldman Sachs' Hedge Fund Trend Monitor reveals a significant concentration in hedge funds towards the 'Magnificent Seven' stocks, excluding Tesla. Health Care has become the most overweighted sector, with Eli Lilly (LLY) entering the top 20 holdings. Hedge funds are diversifying into cyclical industries and communication services, with APi Group (APG), General Electric (GE), and Union Pacific (UNP) joining the 'VIP list'. Conversely, Microsoft (MSFT), Apple (AAPL), and NVIDIA (NVDA) saw the largest net decreases in hedge fund popularity.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 5:02 pm

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