Wells Fargo & Company Raises GE Aerospace (NYSE:GE) Price Target to $222.00

GE Aerospace (NYSE:GE - Get Free Report) had its target price lifted by investment analysts at Wells Fargo & Company from $212.00 to $222.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 14.61% from the company's current price.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Bank of America increased their price target on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, UBS Group upped their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $214.07.

GE Aerospace Trading Up 2.4 %

GE opened at $193.71 on Thursday. The stock has a market capitalization of $207.90 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $194.82 and a 200 day simple moving average of $186.53. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. Analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Institutional Trading of GE Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. New Age Alpha Advisors LLC grew its stake in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after acquiring an additional 84 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of GE Aerospace during the 4th quarter valued at $28,000. Putney Financial Group LLC bought a new stake in GE Aerospace during the fourth quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth approximately $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

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