GE Vernova (NYSE:GEV) Stock Gets Price Target Trim from Susquehanna

Key Points

• Susquehanna lowered GE Vernova’s price target to $1,270 from $1,300 while maintaining a positive rating, implying 26.66% potential upside from the reported share price.
• Analyst sentiment remains broadly favorable: GE Vernova has a consensus “Moderate Buy” rating and an average price target of $1,164.87, despite some recent downgrades.
• In its latest quarter, revenue rose 21.9% year over year to $11.10 billion and exceeded estimates, but earnings per share of $2.47 fell short of the $3.17 consensus forecast.

GE Vernova (NYSE:GEV - Get Free Report) had its price target reduced by investment analysts at Susquehanna from $1,300.00 to $1,270.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's target price indicates a potential upside of 26.66% from the stock's current price.

Several other brokerages also recently issued reports on GEV. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Sanford C. Bernstein reissued an "outperform" rating and issued a $1,298.00 price objective (up from $1,206.00) on shares of GE Vernova in a research report on Tuesday, September 15th. William Blair restated an "outperform" rating on shares of GE Vernova in a research note on Monday, August 3rd. Guggenheim restated a "buy" rating and set a $1,450.00 target price on shares of GE Vernova in a research note on Tuesday. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $1,185.00 target price (up from $1,155.00) on shares of GE Vernova in a report on Thursday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,164.87.

GE Vernova Price Performance

Shares of NYSE GEV opened at $1,002.72 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 business's 50 day moving average price is $967.20 and its two-hundred day moving average price is $1,000.65. The company has a market cap of $267.05 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.45 and a beta of 1.14. GE Vernova has a twelve month low of $530.16 and a twelve month high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) 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 analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business's quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 earnings per share. On average, analysts predict that GE Vernova will post 15.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of GE Vernova in the second quarter valued at about $25,569,630,000. State Street Corp increased its position in GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company's stock worth $13,828,380,000 after acquiring an additional 370,842 shares during the period. Bank of America Corp DE acquired a new stake in GE Vernova in the 2nd quarter worth about $2,961,612,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova in the 2nd quarter worth about $2,497,472,000. Finally, Jupiter Topco LLC acquired a new stake in GE Vernova in the 2nd quarter worth about $2,371,538,000.

About GE Vernova

GE Vernova Inc NYSE: GEV is an energy technology company formed through the separation of General Electric's energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.

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