Susquehanna Boosts GE Vernova (NYSE:GEV) Price Target to $740.00

Key Points

• Susquehanna has raised its price target for GE Vernova (NYSE:GEV) to $740.00, indicating a potential upside of 22.05% from the stock's previous close.
• The stock has received multiple upgrades from various analysts, including Barclays and Citigroup, with many maintaining a positive outlook despite GE Vernova's recent mixed ratings across the market.
• GE Vernova's most recent quarterly earnings surpassed expectations, reporting $1.86 EPS and $9.11 billion in revenue, reflecting a year-over-year revenue growth of 11.1%.

GE Vernova (NYSE:GEV - Get Free Report) had its price target increased by equities researchers at Susquehanna from $736.00 to $740.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price target points to a potential upside of 22.05% from the stock's previous close.

A number of other equities research analysts have also recently commented on GEV. Barclays lifted their target price on GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Citigroup increased their target price on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Bank of America upped their price target on shares of GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. UBS Group initiated coverage on GE Vernova in a research report on Monday, July 7th. They issued a "buy" rating and a $614.00 price objective on the stock. Finally, Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and an average target price of $598.65.

GE Vernova Price Performance

Shares of NYSE GEV opened at $606.30 on Monday. The company has a 50-day moving average price of $619.64 and a 200-day moving average price of $511.24. The stock has a market capitalization of $165.05 billion, a P/E ratio of 146.10, a P/E/G ratio of 4.38 and a beta of 1.72. GE Vernova has a 1 year low of $252.25 and a 1 year 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that GE Vernova will post 6.59 earnings per share for the current fiscal year.

Insider Buying and Selling at GE Vernova

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 stock was 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 in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.15% of the company's stock.

Institutional Trading of GE Vernova

Several institutional investors and hedge funds have recently bought and sold shares of GEV. Sachetta LLC grew its stake in GE Vernova by 10.7% in the second quarter. Sachetta LLC now owns 165 shares of the company's stock worth $87,000 after purchasing an additional 16 shares in the last quarter. Good Life Advisors LLC increased its holdings in shares of GE Vernova by 1.0% during the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company's stock valued at $875,000 after acquiring an additional 16 shares in the last quarter. Bell Investment Advisors Inc boosted its position in GE Vernova by 6.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the company's stock worth $135,000 after purchasing an additional 16 shares in the last quarter. AMG National Trust Bank grew its stake in shares of GE Vernova by 1.5% during the 2nd quarter. AMG National Trust Bank now owns 1,145 shares of the company's stock worth $606,000 after purchasing an additional 17 shares during the period. Finally, Graney & King LLC increased its holdings in shares of GE Vernova by 2.4% during the 2nd quarter. Graney & King LLC now owns 722 shares of the company's stock valued at $382,000 after purchasing an additional 17 shares in the last quarter.

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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