GE
Analysts May Be Right About GE Aerospace Stock
Article Summary
BUY- GE Aerospace (NYSE: GE) is trading 1.7% higher at $317.11, with the stock holding a 70.6% year-over-year lead and not far from its February 25 record high of $348.48.
- Despite a late-March pullback that sent the stock to its lowest level since September, a contrarian sentiment signal is sounding in GE's options pits with the equity's 10-day buy-to-open put/call ratio just hitting the 90th percentile and crossing over 1.0.
- The stock has averaged a 7.3% return 21 days later with a 60% success rate in the last three years, suggesting GE may be back above the $340 level within a month.
- General Electric sports a 1.58 put-call ratio, higher than 98% of annual readings, with three covering brokerage firms maintaining a hold or worse rating on the equity, suggesting more upgrades could be on the horizon.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.1% | 25% | 20.0 ptsMinimal (0.1%) - Very weak |
| EPS Growth Next 5Y ? | 15.6% | 25% | 50.0 ptsMeets Minimum (15.6%) - Passes screener |
| Target Price Upside ? | 11.3% | 20% | 50.0 ptsMeets Minimum (11.3%) - Target: $353.43 vs Current: $317.59 |
| Gross Margin % ? | 36.6% | 15% | 60.0 ptsSolid (36.6%) - Decent margins |
| Drawdown from 52-Wk High ? | -8.9% | 15% | 20.0 ptsBarely a Dip (-8.9%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About GE
- General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems.
- The company operates through two segments, Commercial Engines & Services, and Defense & Propulsion Technologies.
- The Commercial Engines & Services segment designs, develops, manufactures, maintenance, repair, and overhaul (MRO) services of jet engines and sale of spare parts for commercial airframes, business aviation, and aeroderivative applications.
- The Defense & Propulsion Technologies designs, develops, manufactures, and services jet engines and avionics and power systems for governments, militaries, and commercial airframers, as well as MRO of engines and the sale of spare parts.
- This segment also offers aircraft components and systems, such as small turboprop engines, aeroengine mechanical transmissions, turbines, combustors and controls, additive manufacturing, propeller systems, ignition systems, sensors and engine accessories for fixed wing and rotorcraft applications for commercial and military end users under the Avio Aero, Unison, Dowty Propellers, and Colibrium Additive brands.
- The company operates in the United States, Europe, Asia, the Americas, the Middle East, and Africa.
- General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.