GE Vernova Inc. (NYSE:GEV - Get Free Report)'s stock price traded down 0.9% on Friday . The stock traded as low as $163.19 and last traded at $164.87. 509,841 shares changed hands during trading, a decline of 91% from the average session volume of 5,494,665 shares. The stock had previously closed at $166.40.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on GEV shares. The Goldman Sachs Group initiated coverage on shares of GE Vernova in a report on Tuesday, April 16th. They issued a "buy" rating and a $154.00 target price for the company. JPMorgan Chase & Co. upgraded GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 target price for the company in a research report on Monday, April 8th. Mizuho increased their price target on GE Vernova from $154.00 to $164.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. BNP Paribas assumed coverage on GE Vernova in a research report on Wednesday, April 17th. They issued an "outperform" rating and a $177.00 price objective on the stock. Finally, Raymond James started coverage on GE Vernova in a research report 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 issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $158.56.
Check Out Our Latest Report on GE Vernova
GE Vernova Stock Down 2.3 %
GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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. Analysts predict that GE Vernova Inc. will post 2.95 earnings per share for the current year.
Hedge Funds Weigh In On GE Vernova
A number of hedge funds have recently modified their holdings of the business. Anderson Hoagland & Co. acquired a new position in shares of GE Vernova during the first quarter worth about $1,720,000. Maryland State Retirement & Pension System acquired a new position in GE Vernova during the 1st quarter worth approximately $2,892,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of GE Vernova in the 1st quarter valued at approximately $478,000. Valeo Financial Advisors LLC purchased a new stake in shares of GE Vernova during the 1st quarter worth $673,000. Finally, Boit C F David purchased a new stake in shares of GE Vernova during the 1st quarter worth $149,000.
About GE Vernova
(
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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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