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

Benzinga's options scanner identified significant options activity for GE Aero (NYSE:GE), with a cumulative value of $389,495. Analysts predict a price range of $100 to $200 for GE Aero, with a current price of $191.3. Analysts maintain a Buy rating with target prices between $212 and $235.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 2:32 pm

Citigroup analyst Andrew Kaplowitz maintains a Buy rating on GE Aero and raises the price target from $198 to $216.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:09 pm

GE Aero Inc. (NYSE:GE) has seen a 0.38% drop in its stock price to $188.56, but has increased by 11.11% over the past month and 116.15% over the past year. The company's P/E ratio of 51.16 is lower than the Aerospace & Defense industry average of 72.2, suggesting potential undervaluation or weak growth prospects.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 6:46 pm

Deutsche Bank analyst Scott Deuschle has updated price targets and earnings previews for GE Aerospace, Howmet Aerospace, and Boeing. GE and Howmet are expected to outperform in earnings, while Boeing faces challenges due to cash flow issues and defense segment losses.

Portfolio Pulse from Lekha Gupta

October 03, 2024 | 7:10 pm

Top Wall Street analysts have updated their price targets and ratings for several companies, including Transocean, Wolfspeed, Academy Sports and Outdoors, Lockheed Martin, Boeing, CME Group, GE Aerospace, On Holding, CoreCard, and New Fortress Energy. Notable changes include Deutsche Bank raising GE Aerospace's price target and maintaining a Buy rating, while Mizuho downgraded Wolfspeed to Underperform.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 12:20 pm

Deutsche Bank analyst Scott Deuschle maintains a Buy rating on GE Aero and raises the price target from $212 to $235.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:35 am

Investors are taking a bearish stance on GE Aero, with significant options trades indicating potential price movements. The sentiment is split, with 47% bearish and 26% bullish. Analysts have mixed ratings, with price targets ranging from $201 to $212.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 5:16 pm

GE Aero (NYSE:GE) has significantly outperformed the market over the past 5 years, with an annualized return of 35.34%. A $100 investment in GE 5 years ago would now be worth $439.28, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 3:31 pm

Benzinga's Stock Whisper Index highlights five stocks that are gaining interest among investors. Monolithic Power Systems saw a price target increase from Stifel, EMCOR Group is anticipated to benefit from a Fed rate cut, PDD Holdings is boosted by Chinese monetary stimulus, Vistra Corp is gaining from energy sector interest, and GE Aerospace is launching an AI initiative with Microsoft.

Portfolio Pulse from Chris Katje

September 27, 2024 | 5:10 pm

Deep-pocketed investors are showing a bullish stance on GE Aero (NYSE:GE) with significant options activity. The options activity suggests a potential price range of $75 to $220. Analysts have mixed views, with Deutsche Bank maintaining a Buy rating and Bernstein lowering its rating to Outperform.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 6:30 pm

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