Highlights
• Royal Bank of Canada raises GE Aerospace price target from USD 300 to USD 340.
• Quarterly revenue rises 21.2% year-over-year, surpassing USD 10 billion.
• Company reports EPS of USD 1.66, beating consensus estimate by USD 0.23.

GE Aerospace (NYSE:GE) received an upward revision in its price target from Royal Bank of Canada, which increased its estimate from USD 300.00 to USD 340.00, as per a report released on Friday by MarketScreener. The firm maintained an “Outperform” rating on the stock. The new target suggests a potential upside of 13.11% from the company’s previous closing price.

Quarterly Performance Overview

In its most recent quarterly report dated July 17, GE Aerospace posted earnings per share (EPS) of USD 1.66, surpassing the analysts’ consensus forecast of USD 1.43 by USD 0.23. The company generated revenue of USD 10.15 billion, exceeding market expectations of USD 9.49 billion.

Key financial metrics included:

  • Net margin: 18.64%
  • Return on equity: 31.32%
  • Year-over-year revenue growth: 21.2%

In the same quarter last year, GE Aerospace reported USD 1.20 EPS, marking a notable improvement. Analysts project the company to achieve USD 5.40 EPS for the current fiscal year.

Company Overview

GE Aerospace, formerly part of General Electric, is engaged in providing aerospace products and services across global markets. Its operations are organized into two main segments:

  1. Commercial Engines and Services – covering jet and turboprop engines for passenger and business aircraft.
  2. Defense and Propulsion Technologies – offering propulsion systems for military and defense aviation applications.

The company supplies integrated systems to commercial, military, and general aviation customers, focusing on propulsion, maintenance, and related technologies.