William O’Neil Initiates a Buy Rating on GE Aerospace (GE)

GE Aerospace received a Buy rating and price target from William O’Neil analyst yesterday.

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In addition to William O’Neil, GE Aerospace also received a Buy from TipRanks – OpenAI’s OpenAI Aerospace and Defense in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on GE Aerospace (NYSE: GE).

Based on GE Aerospace’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $12.72 billion and a net profit of $2.54 billion. In comparison, last year the company earned a revenue of $10.81 billion and had a net profit of $1.9 billion

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GE in relation to earlier this year. Last month, Riccardo Procacci, the SVP of GE sold 800.00 shares for a total of $248,088.00.