GE Vernova Inc. (NYSE:GEV) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• GE Vernova has a “Moderate Buy” consensus rating from 29 analysts, including 22 buys, two strong buys, four holds and one sell. The average 12-month price target is $1,155.28.
• Several firms recently raised their targets, led by Guggenheim at $1,450, while Morgan Stanley downgraded the stock from overweight to underweight.
• GE Vernova reported quarterly revenue of $11.10 billion, exceeding estimates and rising 21.9% year over year, but earnings per share of $2.47 missed the $3.17 consensus forecast.

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-nine brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $1,155.28.

Several research firms have commented on GEV. JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. TD Cowen lifted their price target on GE Vernova from $1,220.00 to $1,235.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Guggenheim boosted their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Morgan Stanley lowered GE Vernova from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada raised their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Onyx Bridge Wealth Group LLC grew its position in GE Vernova by 1.3% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company's stock valued at $635,000 after buying an additional 9 shares in the last quarter. Red Door Wealth Management LLC lifted its stake in shares of GE Vernova by 0.6% in the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company's stock worth $1,548,000 after acquiring an additional 10 shares during the period. Advance Capital Management Inc. lifted its stake in shares of GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company's stock worth $402,000 after acquiring an additional 10 shares during the period. Alpha Financial Partners LLC boosted its holdings in shares of GE Vernova by 2.0% in the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock valued at $449,000 after acquiring an additional 10 shares in the last quarter. Finally, Sandy Cove Advisors LLC boosted its holdings in shares of GE Vernova by 2.6% in the second quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock valued at $457,000 after acquiring an additional 10 shares in the last quarter.

GE Vernova Stock Performance

Shares of GEV opened at $970.55 on Wednesday. GE Vernova has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a market cap of $258.49 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 4.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The firm has a fifty day moving average of $1,009.73 and a 200-day moving average of $981.53.

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 for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The firm's revenue was up 21.9% on a year-over-year basis. During the same period last year, the business earned $1.86 EPS. As a group, equities analysts anticipate that GE Vernova will post 15.36 earnings per share for the current year.

About GE Vernova

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.

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