GE Aerospace is a specialty industrial machinery company located in Massachusetts, United States, which is part of the Industrials sector, and is traded under the ticker GE on the NYSE exchange.
GE Aerospace stock last closed at $159.89, down 0.76% from the previous day, and has increased 54.53% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.25 percentage points. GE Aerospace stock is currently +60.36% from its 52-week low of $99.71, and -11.35% from its 52-week high of $180.36.
There are currently 1.09B shares of GE outstanding. The market value of GE is $175.02B. In the past 24 hours, 5.89M GE shares were traded.
You need a brokerage account to access the NYSE market and buy GE shares.
Based on our research, eToro is the best online stock brokerage. eToro gives you:
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountNow that you've chosen the right brokerage, you need to fill out some personal info so you are able to invest in GE stock today.
Now that you have opened your account on investing apps, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of transferring funds into your new brokerage account.
Once you have identified the best place to buy GE Aerospace stock, it's very important to research their stock prior to buying, so you truly comprehend the risk as well as the opportunity.
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on GE's stock page.
You can use many financial metrics, analyses, models, and charts to gauge GE's intrinsic value.
Using relative valuations measures:
You can access additional valuation research on GE's stock here.
Out of 17 Wall Street analysts who monitor GE, the consensus analyst rating on GE is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Ronald Epstein, a top 21% analyst from Bank of America maintains GE with a strong buy rating and raises their GE price target from $165.00 to $180.00, on Apr 24, 2024.
Bank of America's Ronald Epstein raised their price target on GE Aerospace (NYSE: GE) by 9.1% from $165 to $180 on 2024/04/24. The analyst maintained their Strong Buy rating on the stock.
Epstein's price target hike was in response to GE Aerospace's Q1 2024 earnings report, released on 2024/04/23.
The analyst told investors that GE Aerospace sets itself apart from its peers by having a diverse portfolio that includes exposure to aftermarket and OE customers, and multiple aircraft manufacturers, classes, and platforms (legacy, new, and next-generation).
Epstein said the company is well-positioned to reap the benefits of secular expansion in the commercial aircraft industry.
For Q1 2024, GE Aerospace reported:
For FY 2024, management guided:
Chairman & CEO H. Lawrence Culp, Jr. commented: "We marked a new beginning in early 2024/04 with the successful spin-off of GE Vernova and launch of GE Aerospace, completing our multi-year transformation.
“Our teams achieved this milestone while delivering strong results in Q1 led by significant profit and cash growth at GE Aerospace.
"At GE Aerospace, Commercial Engines & Services and Defense & Propulsion Technologies drove double-digit revenue, profit, and free cash flow growth in the quarter.
“Given our solid start to the year and outlook for the remainder of 2024, we are raising our FY profit and free cash flow guidance.
“Moving forward as a focused global aerospace leader, we will continue to prioritize safety, quality, delivery, and cost — always in that order — while also investing in our future and driving long-term profitable growth."
Kenneth Herbert, a top 4% analyst from RBC Capital maintains GE with a buy rating and raises their GE price target from $165.00 to $175.00, on Apr 24, 2024.
Noah Poponak, a top 28% analyst from Goldman Sachs maintains GE with a strong buy rating and raises their GE price target from $190.00 to $211.00, on Apr 24, 2024.
Gautam Khanna, a top 8% analyst from TD Cowen upgrades GE to a strong buy rating and raises their GE price target from $175.00 to $180.00, on Apr 9, 2024.
Andrew Obin, a top 12% analyst from Bank of America maintains GE with a strong buy rating and lowers their GE price target from $175.00 to $165.00, on Apr 8, 2024.
You can dive deeper into what analysts are projecting on the GE Aerospace stock forecast page.
Last year, GE earnings were $3.36B. Over the last 1 years, GE's earnings have increased by -60.84% per year. This was slower than the Specialty Industrial Machinery industry average of 0.37%.
Last year, GE revenue was $69.52B. Over the last 5 year, GE's revenue has grown by -5.33% per year. This was slower than the Specialty Industrial Machinery industry average of 4.04%.
You can research GE's earnings and revenue performance here.
In the past 12 months, insiders at GE have sold more shares than they have bought.
L. Kevin Cox, Senior Vice President of GE, was the latest GE insider to sell. They sold $1,290,254.10 worth of GE shares on Mar 1, 2024.
Learn more about who owns GE stock here.
GE Aerospace pays a dividend of 0.33%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.26%. If you owned $1,000 worth of GE stock, you would have received $3.25 last year.
GE Aerospace dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about GE Aerospace dividend yield and history here.
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
You have two main order types:
Hit the Open button and eToro will execute your order.
If you require additional help with buying stocks on eToro, watch the how to video below:
Now that you own some shares in GE, you'll want to stay up-to-date on your new stock purchase.
Create a watchlist to monitor your GE stock.
To summarize, here are the 6 steps you need to take to buy GE Aerospace stock right now:
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in GE Aerospace, click below.