Jefferies Financial Group Issues Positive Forecast for GE Vernova (NYSE:GEV) Stock Price

Key Points

• Jefferies Financial Group has raised its price target for GE Vernova from $658.00 to $668.00, indicating a potential upside of 5.56% from its current price.
• Despite the positive outlook from Jefferies, several other analysts have downgraded the stock to "hold," resulting in an overall average rating of "Moderate Buy" among investment analysts.
• GE Vernova reported a quarterly earnings per share (EPS) of $1.86, surpassing expectations and showing an 11.1% increase in revenue compared to the same quarter last year.

GE Vernova (NYSE:GEV - Get Free Report) had its price target hoisted by equities researchers at Jefferies Financial Group from $658.00 to $668.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's target price would suggest a potential upside of 5.56% from the company's current price.

A number of other equities research analysts have also weighed in on GEV. Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Mizuho lowered GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective for the company. in a research note on Monday, July 28th. UBS Group started coverage on GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 price objective for the company. Finally, Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $580.04.

GE Vernova Stock Performance

Shares of GEV stock traded down $1.35 during trading hours on Friday, reaching $632.80. The company had a trading volume of 577,761 shares, compared to its average volume of 3,499,537. GE Vernova has a twelve month low of $219.01 and a twelve month high of $677.29. The company has a market capitalization of $172.26 billion, a P/E ratio of 153.13, a price-to-earnings-growth ratio of 4.45 and a beta of 1.87. The stock's fifty day simple moving average is $606.48 and its 200 day simple moving average is $465.05.

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

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following 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 position. 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 Trading of GE Vernova

Hedge funds have recently made changes to their positions in the stock. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova in the 1st quarter worth approximately $27,000. IMA Advisory Services Inc. bought a new stake in GE Vernova during the 1st quarter valued at $27,000. WFA Asset Management Corp acquired a new position in GE Vernova during the 2nd quarter worth $29,000. Orion Capital Management LLC acquired a new position in GE Vernova during the 4th quarter worth $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after acquiring an additional 53 shares during the period.

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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