Forecast Of The Day: General Electric Aviation Revenues
General Electric’s (NYSE:GE) Aviation Revenues reduced from $33 billion in 2019 to around $22 billion in 2020 and fell further to around $21 billion in 2021. Trefis expects the number to recover to about $27 billion by 2023.
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The decline was due to the impact of Covid-19 and lower demand from the aviation industry. However, we expect the business to recover driven by the strong market position of GE and the order backlog of its aircraft engines.
We don’t think the projected growth is priced into GE stock yet. We value GE at $118 per share, about 45% ahead of the current market price.
See Our Complete Analysis For General Electric
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