Is GE Aerospace Stock Going to $185? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance
own results, the industrial airplane engine manufacturer grew its sales 15% year over year, operating profits 24%, and generated free cash flow (FCF) in excess of reported profits. Wall Street was enthusiastic about the results, and on Monday, investment bank Jefferies raised its price target on GE Aerospace stock to $185 per share, recommending the stock as a buy. Is GE Aerospace stock a buy? Drawing the "curtains close on consolidated GE" and shifting attention to GE Aerospace, Jefferies was encouraged when GE raised its 2024 earnings guidance despite lowering sales guidance. Profits are growing faster than expected, with GE boasting a 140 basis point improvement in operating profit margins and nearly doubling quarterly FCF to $1.7 billion. I've noted elsewhere my worry that GE seems expensive at 51x earnings. Despite Jefferies' optimism, GE Aerospace may fail to grow as fast as it needs to in order to justify this price-to-earnings (P/E) ratio. Today, let's focus on the com
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News
- Jefferies Financial Group Inc. (NYSE: JEF) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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JEF
Earnings
- 3/27/24 - Miss
JEF
Sec Filings
- 5/16/24 - Form 424B2
- 5/16/24 - Form 424B2
- 5/14/24 - Form 4
- JEF's page on the SEC website