On June 20, 2023, GE Digital announced a partnership with Bamboo Airways to provide fuel analytics solutions aimed at improving the airline’s fuel efficiency and reducing carbon emissions. As part of the agreement, Bamboo Airways will utilize Fuel Insight and FlightPulse to optimize fuel consumption and reduce costs. FlightPulse will be made available to all Bamboo Airways pilots, providing personalized and automated insights into fuel usage.

In addition to this, Bamboo Airways has also signed an agreement to purchase GEnx engines for its Boeing 787-9 aircraft order. This order includes 10 firm and 20 options valued at almost $2 billion, making it the largest deal in the signing series for Bamboo Airways. The delivery of GEnx engines is expected to take place soon, according to the agreement.

This isn’t the first time Bamboo Airways has partnered with GE. In November 2021, the airline signed a supply deal worth 1.73 billion euros with GE and Safran JV for the purchase of aircraft engines and equipment.

GE Stock Analysis: Fluctuating Performance, Projected Earnings Growth, and Financial Ratios

On June 20, 2023, GE’s stock opened at 106.07 and fluctuated between 104.21 and 106.08, with a volume of 747,738 and a market cap of $115.7B. The company’s earnings growth saw a significant increase last year but a decrease this year, with a projected 7.00% earnings growth over the next five years. Revenue growth was 3.23% last year. The P/E ratio was 14.4, the price/sales ratio was 1.20, and the price/book ratio was 3.18. In comparison to other companies in the industrial machinery sector, GE’s stock performance was mixed. The next reporting date is July 25, 2023, with an EPS forecast of $0.45. The company had an annual revenue of $76.6B and an annual profit of $29.0M, with a net profit margin of 1.13%.

GE Stock Forecast: Analysts Bullish on General Electric Co with a Median Target Price of $109.00

On June 20, 2023, General Electric Co (GE) had a median target price of $109.00, with a high estimate of $125.00 and a low estimate of $90.00. This indicates that the 17 analysts offering 12-month price forecasts for GE are bullish on the stock. The median estimate represents a +4.44% increase from the last price of $104.37.

The current consensus among 21 polled investment analysts is to buy stock in GE. This rating has held steady since April, when it was unchanged from a buy rating.

GE reported earnings per share of $0.45 and sales of $14.7 billion for the current quarter. The company is set to report its earnings on July 25, 2023.

Overall, GE’s stock performance on June 20, 2023, seems to be positive. Analysts are bullish on the stock, and the consensus rating remains a buy. However, it is important to note that these forecasts are subject to change based on various factors, such as economic conditions, industry trends, and company-specific events. Investors should always conduct their own research and analysis before making any investment decisions.

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