From Morningstar: 2024-06-18 13:37:00

GE Aerospace stock has soared 86% in the past 12 months, with a 50% gain in 2024 due to a focus on core businesses and spinoff strategy. GE’s jet engine business is thriving post-pandemic, with strong demand as air travel rebounds. The company’s dividend is rising, and its stock valuation is fairly valued.

Morningstar analyst Nicolas Owens highlights GE Aerospace’s economic moat rating, financial strength, and risk assessment. GE powers three-fourths of commercial flights, ensuring customer loyalty. The company’s financials are healthy, with projected revenue growth. Operational risks and ESG concerns exist but aren’t seen as material. GE could benefit from operating leverage and the Leap engine’s profitability in the long term. However, manufacturing and supply chain challenges may hamper efficiency and profitability, posing a risk to the company’s financials.



Read more at Morningstar: GE Aerospace Stock Has Skyrocketed 86%. Is It a Buy?