How to Buy GE Aerospace Stock
General Electric Co
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 $161.82, down 1.62% from the previous day, and has increased 59.93% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.34 percentage points. GE Aerospace stock is currently +66.12% from its 52-week low of $97.41, and -10.28% from its 52-week high of $180.36.
There are currently 1.09B shares of GE outstanding. The market value of GE is $177.13B. In the past 24 hours, 6.68M GE shares were traded.
How to Buy GE Aerospace Stock
Wondering how to invest in GE Aerospace stock? Here's how.
- Choose where to buy GE Aerospace stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy GE Aerospace stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your method of payment and add your details.
- Research GE Aerospace stock: The GE Aerospace ticker symbol is GE. Is GE Aerospace stock a good investment? Should you buy shares of GE? How do GE's underlying business fundamentals look? Do top analysts think GE Aerospace is a good buy? Why has GE's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if GE is a good stock to buy).
- Make your GE purchase: Decide if you will purchase GE shares at the current market price or use a limit order to buy GE stock at a particular price.
- Get key alerts regarding your investment in GE: Create a watchlist to monitor your investment in GE Aerospace stock.
Step 1: Choose where to buy GE Aerospace stock
You need a brokerage account to access the NYSE market and buy GE shares.
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Open eToro AccountStep 2: Open your brokerage account
Now 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.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
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.
Step 4: Research GE Aerospace stock
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.
GE Aerospace shares data
GE Zen Score
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.
What is the fair value of GE stock?
You can use many financial metrics, analyses, models, and charts to gauge GE's intrinsic value.
Using relative valuations measures:
- GE may be overvalued based on its P/E ratio of 52.37x, relative to Specialty Industrial Machinery industry P/E ratio of 31.86x
- GE could be overvalued based on its P/B ratio of 5.93x, relative to Specialty Industrial Machinery industry P/B ratio of 5.08x
- GE may be overvalued based on its PEG ratio of 2.25x
You can access additional valuation research on GE's stock here.
GE Financial Health Overview
Passed Financial Due Diligence Checks:
- GE earnings of $5.85B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the GE balance sheet.
- GE's operating cash flow of $6.43B allows it to safely service it's debt of $20.53B.
- Total GE debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- GE profit margin has gone down from 14.4% to 4.8% in the past year.
- GE has a relatively high debt to equity ratio of 4.45.
- There are more long-term liabilities than short-term assets on the GE balance sheet.
Do Wall Street analysts think it's a good time to buy GE Aerospace stock
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.
Most Recent GE Analyst Recommendations
Kenneth Herbert, a top 5% 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.
RBC Capital's Kenneth Herbert raised their price target on GE Aerospace (NYSE: GE) by 6.1% from $165 to $175 on 2024/04/24. The analyst maintained their Buy rating on the stock.
Herbert's price target hike followed an assessment of GE Aerospace's 2024/04/23-dated Q1 2024 earnings report and participation in the earnings call.
Regardless of supply chain limitations, the new standalone business met investor expectations by (1) growing revenue in the low double digits, (2) increasing margins, and (3) converting free cash flow at a rate greater than 100% of adjusted net income, the analyst told readers.
Earnings Report
For Q1 2024, GE Aerospace reported:
- EPS of $0.82, which beat the Zacks Consensus Estimate of $0.67 and, by 203.7%, Q1 2023’s $0.27.
- Revenue of $15.2B, which missed the Zacks Consensus Estimate of $15.7B but beat, by 11%, Q1 2023’s $13.7B.
- Operating profit of $1.5B, up 24% Y/Y.
- Free cash flow of $900M.
- Commercial Engines & Services segment revenue growth of 16%.
- Defense & Propulsion Technologies segment revenue growth of 18%.
For FY 2024, management guided:
- EPS of $3.80 to $4.05.
- Operating profit of $6.2B to $6.6B.
- Less than $5B free cash flow.
- Mid to high teens Commercial Engines & Services segment revenue growth.
- Commercial Engines & Services segment operating profit of $6.1B to $6.4B.
- Mid-single-digits to high-single-digits Defense & Propulsion Technologies segment revenue growth.
- Defense & Propulsion Technologies segment operating profit of $1.0B to $1.3B.
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."
Noah Poponak, a bottom 25% 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 11% 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.
Jeffrey Sprague, a top 35% analyst from Vertical Research initiates coverage on GE with a strong buy rating and announces their GE price target of $160.00, on Apr 4, 2024.
You can dive deeper into what analysts are projecting on the GE Aerospace stock forecast page.
GE Trading Indicators
How are GE Revenues/Earnings doing?
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 -0.5%.
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 3.81%.
You can research GE's earnings and revenue performance here.
What are GE insiders up to?
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.
Can I get consistent income from GE stock?
GE Aerospace pays a dividend of 0.32%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.31%. If you owned $1,000 worth of GE stock, you would have received $3.21 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.
Get opinions from other investors
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Step 5: Make your GE purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
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:
Step 6: Get key alerts regarding your investment in GE
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.
GE Feed
How to Buy Stock in GE Aerospace
To summarize, here are the 6 steps you need to take to buy GE Aerospace stock right now:
- Choose where to buy GE Aerospace stock
- Open your brokerage account
- Deposit money your brokerage account
- Research GE Aerospace stock
- Make your GE purchase
- Get key alerts regarding your investment in GE
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.
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