GE Vernova Inc. (NYSE:GEV) Given Average Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

GE Vernova Inc. (NYSE:GEV – Get Free Report) has been given an average recommendation of “Moderate Buy” by the twenty-four brokerages that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $241.63.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of GE Vernova from $240.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Guggenheim assumed coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. HSBC reaffirmed a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Oppenheimer started coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Finally, Bank of America upgraded GE Vernova from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $300.00 in a research report on Tuesday, September 17th.

Get Our Latest Stock Report on GEV

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $266.89 on Wednesday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $270.11. The stock has a 50 day simple moving average of $214.80.

GE Vernova (NYSE:GEV – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. On average, analysts forecast that GE Vernova will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova during the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova during the 2nd quarter worth $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth $26,000. Finally, Gradient Investments LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth $27,000.

GE Vernova Company Profile

(Get Free Report

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

Recommended Stories