It’s taken 25 years, but the stock of GE Aerospace (GE), formerly known as General Electric, has hit a new all-time high.
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It’s the first record high for GE stock since the year 2000. The shares have not traded at an all-time high in 9,150 days, according to market data. Shares of the jet engine maker were trading as high as $290.50 on Sept. 16, the first record high since they traded at $289.54 on Aug. 28, 2000.
General Electric became GE Aerospace following the company’s 2024 break-up into three separate businesses: GE Aerospace, GE Vernova (GEV), and GE HealthCare Technologies (GEHC). Since the break-up, GE stock has performed strongly, rising 75% this year alone.
Strong Business
GE Aerospace is benefiting from its focus on the niche business of making aircraft engines. It’s a business that is booming thanks to strong demand for engines among commercial airlines such as Delta (DAL) and United (UAL), and smaller players in the aviation industry.
The break-up of General Electric into three separate publicly traded companies has been widely viewed as a success. The break-up model is now being pursued by a number of other publicly traded conglomerates, including Kraft Heinz (KHC) and Honeywell International (HON).
Is GE Stock a Buy?
The stock of General Electric has a consensus Strong Buy rating among 11 Wall Street analysts. That rating is based on 11 Buy ratings issued in the last three months. The average GE price target of $300.36 implies 2.64% upside from current levels.
