GE Vernova Inc. (NYSE:GEV) Receives Consensus Rating of “Moderate Buy” from Analysts

GE Vernova Inc. (NYSE:GEV) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $234.98.

A number of equities research analysts recently weighed in on GEV shares. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Argus initiated coverage on GE Vernova in a report on Thursday, June 13th. They issued a “buy” rating and a $190.00 price target on the stock. Evercore ISI upped their price objective on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. HSBC reaffirmed a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GEV. Anderson Hoagland & Co. acquired a new stake in GE Vernova in the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System bought a new position in shares of GE Vernova in the 1st quarter worth $2,892,000. Boit C F David acquired a new stake in GE Vernova in the 1st quarter valued at $149,000. ANTIPODES PARTNERS Ltd bought a new stake in GE Vernova during the 1st quarter valued at $30,000. Finally, Nwam LLC acquired a new position in GE Vernova during the first quarter worth $1,531,000.

GE Vernova Trading Up 0.7 %

GE Vernova stock opened at $264.27 on Wednesday. The business’s fifty day moving average price is $207.15. GE Vernova has a 12-month low of $115.00 and a 12-month high of $266.56.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, equities analysts expect that GE Vernova will post 2.83 EPS for the current fiscal year.

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.