On April 24, analysts at major Wall Street analysts update their rating for$GE Aerospace (GE.US)$, with the target price ranging from $175 to $195.
RBC Capital analyst Kenneth Herbert maintained with buying rating, and raised the target price to $175;
BofA Securities analyst Ronald Epstein maintained with buying rating, and raised the target price to $180.
Furthermore, according to the comprehensive report, the opinions of GE Aerospace's main analysts recently are as follows:
The company's first-quarter results were better than expected. The company's earnings remained undervalued due to its ongoing restructuring, while the management has shown confidence in GE's outlook by raising the quarterly dividend, and the stock's valuation measures "remain attractive".
Despite the supply chain constraints, the company is still generating low double-digit revenue growth, expanding profit margins, and converting free cash flow at greater than 100% of adjusted net income. The company is delivering on investor expectations of the standalone company.
The following are today's 4 analysts' opinions$GE Aerospace (GE.US)$The latest investment ratings and target prices:
Tips:
TipRanks is an independent third party that provides analytical data from financial analysts and calculates average returns and win rates recommended by analysts. The information provided is not investment advice and is for informational purposes only. This article does not endorse, represent, or guarantee the completeness and accuracy of the rating data and reports.
TipRanks provides each analyst's star rating. The analyst star rating represents all the analysts' recommended past performance. It is calculated through a comprehensive calculation of the analyst's total win rate and average return rate. The more stars, the better the analyst's past performance, with a maximum of 5 stars.
The overall analyst win rate is the ratio of the number of successful ratings by analysts in the past year to the total number of ratings. The success of the rating depends on whether TipRanks' virtual portfolio generates positive returns from this stock.
The total average return is the return that the portfolio has received over the past year by creating a virtual portfolio based on the analyst's initial rating and adjusting the portfolio according to rating changes.