Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) were down 1.4% during mid-day trading on Tuesday . The stock traded as low as $158.86 and last traded at $159.28. Approximately 638,128 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 5,751,410 shares. The stock had previously closed at $161.53.
Analyst Ratings Changes
Several equities research analysts recently issued reports on GEV shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $160.00 price objective on shares of GE Vernova in a report on Friday, April 12th. Mizuho boosted their target price on GE Vernova from $154.00 to $164.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 target price for the company in a research note on Monday, April 8th. Bank of America initiated coverage on GE Vernova in a research note on Wednesday, April 24th. They set a "neutral" rating and a $150.00 target price for the company. Finally, Raymond James initiated coverage on GE Vernova in a research note on Wednesday, April 17th. They set an "outperform" rating and a $160.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.56.
Read Our Latest Report on GE Vernova
GE Vernova Stock Up 2.6 %
GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.17). The firm had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.56 billion. On average, research analysts forecast that GE Vernova Inc. will post 2.95 EPS for the current year.
Institutional Investors Weigh In On GE Vernova
A number of institutional investors and hedge funds have recently modified their holdings of the company. ANTIPODES PARTNERS Ltd acquired a new stake in GE Vernova during the 1st quarter valued at $30,000. Boit C F David acquired a new stake in GE Vernova during the 1st quarter valued at $149,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in GE Vernova during the 1st quarter valued at $478,000. Valeo Financial Advisors LLC acquired a new stake in GE Vernova during the 1st quarter valued at $673,000. Finally, Nwam LLC acquired a new stake in GE Vernova during the 1st quarter valued at $1,531,000.
GE Vernova Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
