GE Vernova (NYSE:GEV) Given a $740.00 Price Target by Melius Research Analysts

Key Points

• GE Vernova has been upgraded by Melius Research from a "hold" rating to a "buy" rating, with a target price of $740.00, indicating potential upside from its previous close.
• Despite the upgrade, other brokerages like Wolfe Research and Guggenheim have downgraded the stock recently, suggesting a mixed sentiment among analysts.
• GE Vernova reported $9.11 billion in revenue and $1.86 EPS for the last quarter, exceeding analysts' expectations.

GE Vernova (NYSE:GEV - Get Free Report) received a $740.00 target price from stock analysts at Melius Research in a research note issued on Monday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Melius Research's price objective points to a potential upside of 17.82% from the stock's current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. HSBC lifted their target price on shares of GE Vernova from $570.00 to $580.00 and gave the company a "hold" rating in a report on Friday, September 5th. Morgan Stanley upped their target price on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Citigroup upped their target price on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Robert W. Baird upped their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and an average target price of $592.35.

GE Vernova Trading Up 0.4%

Shares of NYSE:GEV traded up $2.54 during midday trading on Monday, hitting $628.09. The stock had a trading volume of 1,848,803 shares, compared to its average volume of 3,502,295. The company has a market capitalization of $170.98 billion, a PE ratio of 151.35, a P/E/G ratio of 4.32 and a beta of 1.88. The stock has a 50 day moving average price of $608.65 and a two-hundred day moving average price of $469.09. GE Vernova has a 1 year low of $225.24 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last issued 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. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts expect that GE Vernova will post 6.59 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.15% of the company's stock.

Institutional Investors Weigh In On GE Vernova

A number of large investors have recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC bought a new position in GE Vernova during the 1st quarter valued at $27,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova in the 1st quarter worth about $27,000. WFA Asset Management Corp acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in shares of GE Vernova in the 4th quarter worth about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after buying an additional 53 shares during the period.

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.