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NYSE:GE
This summary was created by AI, based on 16 opinions in the last 12 months.
GE Aerospace, recently appreciated for its robust performance in the aerospace sector, has experienced remarkable growth due to increasing demand for commercial aircraft and heightened defense spending. Despite some short-term volatility, experts emphasize the long-term bullish outlook for the aerospace and defense industries, especially as the company dominates the jet engine market with a significant backlog of orders. The aftermarket service component is highlighted as a key growth driver, providing higher margins and recurring revenue. While some analysts suggest that the stock is approaching full valuation, the consensus remains positive, with expectations for continued double-digit revenue growth over the next few years. This positive sentiment is bolstered by the company’s strong positioning in both the commercial and defense markets.
Struggling. Restructuring since the financial crisis. Trying to repair balance sheet. Aircraft still struggling, and too early to tell how long it will take to recover. Look at Raytheon instead. Defence is doing exceptionally well, plus aerospace and security exposure. Exceptionally well run.
Morgan Stanley's CEO expects positive cash flow in the second half of 2020. The stock rallied over 10% today after that statement, which he finds incredible. However, he doesn't know anyone who expects positive cash flow from GE. Expect Honeywell and 3M to go up along with this, at least tomorrow.
Still on the sidelines. CEO is respected. Its engine business is being impacted with Boeing. Not sure what earnings and cash flow profile will be a year from now.