|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||129.55 - 133.95|
|52 Week Range||97.08 - 133.95|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||44.80|
|Earnings Date||Sep 5, 2019|
|Forward Dividend & Yield||1.82 (1.41%)|
|1y Target Est||119.08|
(Bloomberg) -- General Electric Co.’s transformation is being led by its aviation business, given the unit’s stability and underlying growth, Citi analyst Andrew Kaplowitz wrote in a note to clients.While the aviation business is not perfect, it does seem to be “operating on all cylinders,” the analyst said. He noted that the company is raising the projected growth for its military segment and continuing to gain share versus its primary competitor with large new orders announced at the Paris Air Show.GE and Safran SA’s joint venture, CFM International, earlier this week also won a $20 billion order for jet engines from Indian carrier IndiGo.“We sense a new energy in aviation and across GE especially regarding cash generation led by CEO Culp,” Kaplowitz added. The analyst maintained the buy rating on GE with a price target of $14.GE is currently undergoing a turnaround process after an unraveling that has wiped out more than 60% of the company’s market value over the past two years, and prompted the diversified manufacturer to divest multiple businesses. While its power turbine business is widely understood to be the most troubled, the aviation unit is often lauded as a competitive, well-run unit.JPMorgan analyst Stephen Tusa, who holds a bearish view on the stock, said the aviation business would have a valuation of about “$60 billion at best,” assuming a 2021 free cash flow yield of about 7%.To contact the reporter on this story: Esha Dey in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Jennifer Bissell-Linsk, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
After Safran SA's (EPA:SAF) earnings announcement in December 2018, analysts seem highly optimistic, as a 81% rise in...
CAIRO (Reuters) - Bahrain has signed 12 agreements and memoranda of understanding with French companies and institutions worth $2 billion (1.55 billion pounds), Bahrain news agency (BNA) reported on Monday. ...
Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth $1 trillion (774 billion pounds) a year by the 2040s. The drive to give Germany a bigger role in space comes as European, Asian and U.S. companies stake out ground in an evolving segment that promises contracts for everything from exploration to mining of outer-space resources. Firms likely to benefit from any future spending rise in Germany include Airbus, which co-owns the maker of Europe's Ariane space rockets, and Bremen-based OHB.
French aero engine maker Safran outpaced revenue growth plans in the first quarter and stuck to its goals for the year despite the grounding of the Boeing 737 MAX, sending its shares higher on Friday. Safran said its CFM International joint venture with General Electric continues to deliver LEAP engines to Boeing as it catches up on earlier engine production delays, but would adapt its output as necessary. The disclosure suggests Safran is not yet facing a build-up in inventory of engines for narrow-body aircraft, allaying concerns among some analysts about a costly drain on its cash.
France's Safran said underlying revenues grew 12.6 percent in the first quarter as demand for civil aircraft engines, nacelles and military optronics pushed it ahead of the growth needed to meet a steady annual target of 5 percent. Total first-quarter revenues rose to 5.781 billion euros ($6.4 billion) due in part to the acquisitions of Zodiac Aerospace and electromechanical systems of Collins Aerospace. Safran, which co-produces engines for Boeing's recently grounded 737 MAX together General Electric through the CFM International venture, said it continued to build the LEAP engines at the same speed but would cut output if needed.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Safran SA (EPA:SAF) as an investment opportunity by taking the expected future cash flows and discounting them to their present value...
The U.S. Trade Representative proposed a list of European Union products late on Monday on which to slap tariffs in retaliation to more than $11 billion (£8.4 billion) of EU subsidies to Airbus the World Trade Organization has found cause "adverse effects" to the United States. Piling on the uncertainty, the IMF on Tuesday cut its global economic growth forecasts for 2019, citing a potentially disorderly British exit from the European Union as a key risk. "It's been long accepted that while Europe hasn't been strongly targeted yet, it was going to be the case once China wrapped up, and Europe would be next," said Craig Erlam, senior market analyst at OANDA in London.
European shares slid on Tuesday, with most sectors falling after the United States threatened to slap tariffs on goods from the European Union, with worries compounded by the IMF cutting its global growth forecast. The U.S. Trade Representative proposed a list of European Union products late on Monday on which to slap tariffs in retaliation to more than $11 billion of EU subsidies to Airbus the World Trade Organization has found cause "adverse effects" to the United States.
World is in “Precarious Position” says IMF’s Lagarde You got that right, Christine. The International Monetary Fund, one of the world’s biggest money pits, is worried about the pace of global growth, saying it has lost momentum, which really not a good thing when interest rates are already negative in so much of the western […]The post Market Morning: IMF Frets, Boeing Cuts, Supermassive Blackholes & Bank Earnings appeared first on Market Exclusive.
European stocks were slightly lower Monday morning, as investors prepared for what is expected to be a tough U.S. earnings season.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! A look at the shareholders of Safran SA (EPA:SAF) can tell us which group is most powerful. Institutions often own share...
MUSCAT (Reuters) - Qatar Airways has delayed the April delivery of a Boeing 737 MAX until the cause of the Ethiopian Airlines crash involving the same type of plane is known, its chief executive said on ...
Qatar Airways threw its support behind Boeing on Monday as the U.S. planemaker faces its biggest crisis in years after two deadly crashes of its flagship 737 MAX jet. Regulators grounded the worldwide MAX fleet after an Ethiopian Airlines MAX crash killed all 157 people on board this month, wiping 14 percent off shares in the world's biggest planemaker. "As far as I am concerned, I have full confidence in Boeing and their ability to resolve any technical issue," Qatar Airways Chief Executive Akbar al-Baker told reporters in Muscat.
I've been keeping an eye on Safran SA (EPA:SAF) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe SAFRead More...
Ethiopians clad in traditional mourning shawls and other black clothing gathered silently in a hotel conference room in Addis Ababa on Thursday, the loved ones of victims of ET Flight 302, before boarding buses headed for the crash site. An airlines staff member replied that the crash was under investigation and that more details were emerging day by day. Tewfik Ahmed, 39, was raised by the father of Ahmed Nur Mohammed, the deputy pilot of ET 302.
An Ethiopian delegation led by the accident investigation bureau has flown the black boxes from the Ethiopia plane crash from Addis Ababa to Paris for investigation, Ethiopian Airlines said on Thursday....
Germany's Federal Bureau of Aircraft Accident Investigation said on Wednesday it will not analyse the black box from the Ethiopian Airlines passenger jet which crashed soon after taking off from Addis ...
The black boxes from a Boeing 737 MAX 8 plane that crashed in Ethiopia on Sunday, killing 157 people, will be sent to Germany for analysis, an Ethiopian Airlines spokesman said.
The United States on Wednesday joined Europe, China and other countries in grounding Boeing Co's 737 MAX jets, because of safety concerns after an Ethiopian Airlines plane crash that killed 157 people, the second disaster involving the 737 in less than five months. The U.S. Federal Aviation Administration (FAA) cited new satellite data and evidence from the scene of Sunday's crash near Addis Ababa for its decision to ground the planes. It was the second time the FAA has halted flights of a Boeing plane in six years.
The black boxes from the Ethiopian Airlines plane that crashed on Sunday will be sent overseas for analysis because there is not capacity in the country to do it, an Ethiopian Airlines spokesman said on Wednesday. The crash on Sunday of an Ethiopian Airlines Boeing 737 MAX passenger jet killed all 157 people onboard. The black boxes - the voice and data recorders - were recovered from the crash site, 60 km (40 miles) outside Ethiopia's capital Addis Ababa on Monday.
The black boxes from Sunday's plane crash in Ethiopia could be sent to a "closer country in Europe" rather than the United States for analysis, the chief executive of Ethiopian Airlines told ...
The black box from the Ethiopian Airplanes plane that crashed on Sunday in Ethiopia has not yet left the country though it will be sent abroad for analysis, an Ethiopian Airlines spokesman said on Tuesday....