Where Do Analysts Stand on GE Aerospace Stock (GE) Post Q1 Earnings?

GE Aerospace (GE) stock saw a slight drop on Wednesday after analysts weighed in on the American aircraft company following its latest earnings report. While the latest analyst updates are still bullish, there were some price target cuts.

Let’s dig into the most recent updates from Wall Street’s top analysts below.

• Five-star TD Cowen analyst Gautam Khanna reiterated a Buy rating but cut his price target to $330 from $350, representing a potential 15.09% upside.
• Five-star RBC Capital analyst Kenneth Herbert maintained a Buy rating and a $355 price target, suggesting a possible 23.81% upside.
• Five-star Jefferies analyst Sheila Kahyaoglu kept a Buy rating and a $375 price target, implying a potential 30.79% upside.
• Five-star Bank of America Securities analyst Ronald Epstein stuck with a Buy rating and a $365 price target, representing a possible 27.30% upside.
• Four-star UBS analyst Gavin Parsons reiterated a Buy rating but lowered his price target to $350 from $357, suggesting a potential 22.07% upside.

Khanna’s updated coverage of GE Aerospace stock cited the company’s latest earnings report. He noted that earnings visibility and conservative planning affected his decision to stick with a Buy rating but lower his price target for GE stock.

GE Aerospace Stock Movement Today

GE Aerospace stock was down 0.36% on Wednesday, extending a 7.12% year-to-date fall. Even so, the shares have increased 48.04% over the past 12 months.

GE stock trading activity today was limited, as some 22,000 shares changed hands. This is well below the company’s three-month average daily trading volume of about 5.48 million shares.

Is GE Aerospace Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for GE Aerospace is Strong Buy, based on 14 Buy and one Hold rating over the past three months. With that comes an average GE stock price target of $357.93, representing a potential 25.88% upside for the shares.