GE Vernova (NYSE:GEV) Given New $690.00 Price Target at BMO Capital Markets

GE Vernova (NYSE:GEV - Get Free Report) had its target price raised by BMO Capital Markets from $590.00 to $690.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 11.01% from the stock's current price.

Several other equities analysts also recently issued reports on the stock. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Barclays lifted their target price on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a report on Thursday. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Morgan Stanley boosted their price target on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Robert W. Baird boosted their price target on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $528.67.

GE Vernova Stock Down 1.2%

GEV traded down $7.45 during mid-day trading on Thursday, reaching $621.58. 1,947,670 shares of the company traded hands, compared to its average volume of 3,684,113. The stock has a market capitalization of $169.65 billion, a P/E ratio of 89.56, a P/E/G ratio of 4.13 and a beta of 1.86. The company's fifty day moving average price is $502.54 and its 200-day moving average price is $402.41. GE Vernova has a 52-week low of $150.01 and a 52-week high of $633.72.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same quarter in the previous year, the business posted $4.65 earnings per share. GE Vernova's quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that GE Vernova will post 6.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Navigoe LLC bought a new stake in GE Vernova during the 4th quarter worth $27,000. EQ Wealth Advisors LLC purchased a new position in GE Vernova in the first quarter valued at approximately $27,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova during the first quarter worth $27,000. Clarity Asset Management Inc. purchased a new stake in shares of GE Vernova during the fourth quarter worth $28,000. Finally, Pinpoint Asset Management Ltd purchased a new stake in shares of GE Vernova in the fourth quarter worth $30,000.

GE Vernova Company Profile

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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