GE Aerospace (NYSE:GE) stock is 3.9% lower to trade at $299.30 this morning, after the defense company reported adjusted third-quarter earnings of $2.25 per share on $14.1 billion in revenue, both of which topped estimates. Despite a hiked 2026 guidance due to strong demand, GE also reported a cash flow decline of 14%.
GE Aerospace stock is back below its year-to-date and year-over-year breakeven levels. The shares' 320-day moving average is in play, a trendline that has been intermittently tested since the start of this month.
For a name consistently in the red, analysts remain bullish. Of the 22 brokerages covering GE, 18 maintain "buy" or better ratings, while the consensus 12-month price target of $390.96 is a 25.6% premium to last night's closing perch.
Options traders have been call focused. This is per the 10-day call/put volume ratio of 1.41 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 72nd percentile of its annual range.
