GE Vernova Inc. (NYSE:GEV) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• GE Vernova Inc. (NYSE:GEV) has received a consensus rating of "Moderate Buy" from 33 analysts, with 20 recommending a buy and 4 assigning a strong buy rating.
• The average 12-month price target for the stock is $592.35, reflecting optimism among the analysts despite recent downgrades from some firms.
• In its latest earnings report, GE Vernova surpassed expectations with earnings per share of $1.86, beating the consensus estimate by $0.23 and achieving a revenue growth of 11.1% year-over-year.

GE Vernova Inc. (NYSE:GEV - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirty-three ratings firms that are covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $592.3462.

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Jefferies Financial Group raised their price target on GE Vernova from $658.00 to $668.00 and gave the company a "hold" rating in a report on Friday, September 12th. Morgan Stanley raised their price target on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Mizuho downgraded GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target for the company. in a report on Monday, July 28th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th.

GE Vernova Trading Down 1.7%

NYSE:GEV opened at $633.65 on Wednesday. GE Vernova has a 1-year low of $247.07 and a 1-year high of $677.29. The firm has a fifty day simple moving average of $620.35 and a 200 day simple moving average of $483.28. The stock has a market capitalization of $172.49 billion, a PE ratio of 152.69, a P/E/G ratio of 4.70 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. During the same period last year, the business earned $4.65 earnings per share. The firm's revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts predict that GE Vernova will post 6.59 earnings per share for the current fiscal year.

Insider Transactions at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GE Vernova

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GE Vernova during the first quarter worth $912,000. Pines Wealth Management LLC acquired a new position in GE Vernova in the second quarter valued at about $408,000. Resona Asset Management Co. Ltd. raised its stake in GE Vernova by 8.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company's stock valued at $26,229,000 after purchasing an additional 6,551 shares in the last quarter. Lockheed Martin Investment Management Co. acquired a new position in GE Vernova in the first quarter valued at about $458,000. Finally, Golden State Wealth Management LLC raised its stake in GE Vernova by 201.7% in the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock valued at $373,000 after purchasing an additional 817 shares in the last quarter.

About GE Vernova

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.

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