Shares of General Electric (
NYSE:
GE
) were on track for their seventh straight session of gains, as the stock rose nearly 3% to $258.35 on Friday.
The company gained nearly 6.4% in the past six trading days. The stock closed 0.44% higher, at $251 on Thursday. GE gained more than 7% in the past one month.
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Seeking Alpha analysts
and
Wall Street analysts
are bullish about the stock and rated it as a Buy and Strong Buy, respectively.
However, looking at Seeking Alpha’s
Quant Rating
, GE has a Hold rating with a score of 3.45 out of 5. The company received A+ in terms of profitability and A in the prospect of growth and momentum, but the rating was dragged down by a D grade in terms of valuation.
Seeking Alpha analyst Daniel Jones
maintained
“Hold” rating for now, stating that “GE Aerospace is a high-quality, industry-leading company with impressive growth, strong profitability, and a robust backlog fueling future prospects. However, the stock’s valuation is becoming difficult to justify, trading at high multiples versus peers and on an absolute basis.”
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The stock has
gained
over 52% so far this year, outperforming the broader S&P 500 Index, which gained nearly 4.40% during the same period.
More on GE Aerospace
- GE Aerospace: Shares Can’t Keep Soaring Higher
- General Electric: Overbought And Overvalued (Technical Analysis)
- GE Aerospace: Q1 Earnings, A Buy On The Dip
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