Brokerages Set GE Vernova Inc. (NYSE:GEV) PT at $1,155.28

Shares of GE Vernova Inc. (NYSE:GEV) have been given a consensus rating of “Moderate Buy” by the twenty-nine ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, twenty-two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1,154.28.

A number of research firms have commented on GEV. Guggenheim raised their target price on GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada increased their price target on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Jefferies Financial Group set a $1,185.00 price objective on shares of GE Vernova in a research note on Friday. Finally, Oppenheimer boosted their price objective on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd.

GE Vernova Trading Up 3.5%

NYSE GEV opened at $956.32 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $254.70 billion, a P/E ratio of 27.37, a P/E/G ratio of 4.30 and a beta of 1.15. GE Vernova has a 52-week low of $530.16 and a 52-week high of $1,195.94. The firm has a 50-day moving average price of $999.15 and a 200 day moving average price of $982.84.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. Equities research analysts expect that GE Vernova will post 15.36 EPS for the current year.

Institutional Investors Weigh In On GE Vernova

Institutional investors have recently modified their holdings of the company. Cornerstone Financial Management LLC purchased a new stake in GE Vernova during the fourth quarter worth $25,000. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova in the third quarter valued at $25,000. Manning & Napier Advisors LLC increased its position in shares of GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares in the last quarter. Navalign LLC acquired a new position in shares of GE Vernova during the 4th quarter worth $27,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of GE Vernova during the 4th quarter worth $30,000.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.