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Nervous markets await NvidiaThis summary was created by AI, based on 5 opinions in the last 12 months.
GE Aerospace has shown impressive growth, particularly highlighted in January where it achieved a remarkable 22% increase, making it one of the top performers on the S&P. The company recently reported strong earnings and is taking proactive steps to enhance shareholder value, including a 30% dividend increase and a substantial $7 billion buyback plan. While some concerns linger over past supply chain issues, expectations remain high for upcoming results. The company’s strong position in the aerospace sector, with limited competition, and a significant installed base for its engines suggests continued demand and potential growth as the market stabilizes post-COVID. Experts generally see the stock as a stable holding, poised for further progress as the CEO implements a successful turnaround strategy.
Quality, long-cycle industrial. Airplane engines that go into the new generation of planes, but also the older generation that's already flying. Best of both worlds (OEM plus after-market) in a critical part of the value chain. Order book is so long that they control delivery and, so, their future, which is not always true.
More recession resilient than you'd think, because the building of the planes is more consistent than other parts of the industry. Great management team. Yield is 0.64%.
Up 22% last month. Delivered blow-out earnings and issued a strong forecast, raised their dividend by 30% and started a $7 billion buyback. It has been climbing, supported by steadily improving numbers, which he expects to continue. The CEO is doing a great turnaround job.
Controls a lot of the commercial flight market, drives a lot of its growth. Very few competitors. Highly technical. Installed base for engines is very high -- they don't get changed willy-nilly, but they do need servicing as they age. Lowered debt. Once flying gets back to normal after Covid, opportunity to be more than it is presently.
GE Aerospace is a OTC stock, trading under the symbol GE-NE on the (). It is usually referred to as or GE-NE
In the last year, 4 stock analysts published opinions about GE-NE. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for GE Aerospace.
GE Aerospace was recommended as a Top Pick by on . Read the latest stock experts ratings for GE Aerospace.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of GE Aerospace published on Stockchase.
On , GE Aerospace (GE-NE) stock closed at a price of $.
His premise is to own good and getting better: growing, but you can get multiple expansion as people come to understand what's changing for the better. Powers 3 out of 4 commercial flights with their engines. Engines plus service. Global fleet is as old as it's ever been, partly because waiting for next generation of GE engines (both for commercial and for defense). Defense stocks are on a tear. Long-term secular bull market in travel. Unlikely to be hurt by some major slowdown that doesn't appear to be coming.
(Analysts’ price target is $260.47)70% of revenue is service revenue, with long contracts in place. Reported earnings today, beat the high bar nicely. Guidance is that it'll grow revenue at least double digits over next 3 years, will also return lots of capital to shareholders. Generates a lot of cash it doesn't necessarily need; can be used to buy back shares or increase dividend. Yield is 0.55%.