Rothschild & Co Redburn Reaffirms Sell Rating for GE Vernova (NYSE:GEV)

Key Points

• Rothschild & Co Redburn has reaffirmed a sell rating for GE Vernova (NYSE:GEV), setting a price target of $475.00, indicating a potential downside of 26.30% from the current stock price.
• Despite the sell rating by Redburn, ratings from other analysts vary significantly, with a consensus rating of "Moderate Buy" and an average price target of $590.07.
• GE Vernova's stock has shown fluctuations, reaching a fifty-two week low of $252.25 and a high of $677.29, with a notable market capitalization of $175.46 billion.

GE Vernova (NYSE:GEV - Get Free Report)'s stock had its "sell" rating reissued by research analysts at Rothschild & Co Redburn in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $475.00 price target on the stock. Rothschild & Co Redburn's price objective points to a potential downside of 26.30% from the company's current price.

GEV has been the subject of a number of other research reports. UBS Group initiated coverage on GE Vernova in a report on Monday, July 7th. They set a "buy" rating and a $614.00 target price for the company. Redburn Partners set a $475.00 price objective on GE Vernova in a research note on Wednesday. Robert W. Baird increased their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the company a "buy" rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. increased their price target on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and an average price target of $590.07.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $644.54 on Wednesday. The firm has a 50-day simple moving average of $619.21 and a two-hundred day simple moving average of $514.56. The company has a market cap of $175.46 billion, a P/E ratio of 155.31, a price-to-earnings-growth ratio of 4.69 and a beta of 1.72. GE Vernova has a fifty-two week low of $252.25 and a fifty-two week high of $677.29.

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

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GE Vernova

A number of institutional investors have recently modified their holdings of GEV. EQ Wealth Advisors LLC acquired a new position in GE Vernova in the 1st quarter valued at about $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova in the first quarter valued at approximately $27,000. WFA Asset Management Corp acquired a new position in shares of GE Vernova in the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after acquiring an additional 53 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in shares of GE Vernova in the first quarter worth $31,000.

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.

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