TD Cowen Has Lowered Expectations for GE Vernova (NYSE:GEV) Stock Price

Key Points

• TD Cowen has reduced its price target for GE Vernova's stock from $685 to $680, while maintaining a "buy" rating, reflecting a potential upside of 18.11% from its current price.
• Other analysts have differing views, with Rothschild & Co Redburn issuing a "sell" rating with a price target of $475, while Barclays raised its target to $706 with an "overweight" rating.
• GE Vernova's stock recently reported $1.64 earnings per share, missing analysts' expectations and demonstrating a revenue increase of 11.8% compared to the previous year.

GE Vernova (NYSE:GEV - Get Free Report) had its price objective lowered by analysts at TD Cowen from $685.00 to $680.00 in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The firm currently has a "buy" rating on the stock. TD Cowen's price target indicates a potential upside of 18.11% from the company's current price.

GEV has been the subject of a number of other reports. Rothschild & Co Redburn reaffirmed a "sell" rating and set a $475.00 price target on shares of GE Vernova in a report on Wednesday, October 15th. Morgan Stanley boosted their price objective on GE Vernova from $675.00 to $690.00 and gave the stock an "overweight" rating in a report on Thursday, October 16th. Redburn Partners set a $475.00 price objective on GE Vernova in a report on Wednesday, October 15th. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Barclays raised their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $601.26.

GE Vernova Stock Down 1.6%

Shares of GEV opened at $575.73 on Thursday. GE Vernova has a 12-month low of $252.25 and a 12-month high of $677.29. The firm has a market capitalization of $156.72 billion, a price-to-earnings ratio of 138.73, a P/E/G ratio of 4.24 and a beta of 1.72. The stock's 50-day moving average price is $612.65 and its 200 day moving average price is $525.17.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.08). The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts expect that GE Vernova will post 6.59 EPS for the current year.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.15% of the stock is owned by insiders.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova in the 1st quarter valued at $27,000. WFA Asset Management Corp bought a new position in shares of GE Vernova during the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 53 shares in the last quarter. 1248 Management LLC acquired a new stake in GE Vernova during the 1st quarter worth approximately $31,000. Finally, Howard Hughes Medical Institute acquired a new stake in GE Vernova during the 2nd quarter worth approximately $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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