GE Vernova (NYSE:GEV) PT Raised to $288.00 at BMO Capital Markets

GE Vernova (NYSE:GEV) had its target price increased by BMO Capital Markets from $245.00 to $288.00 in a report released on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 8.12% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Oppenheimer began coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. Redburn Atlantic initiated coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. Jefferies Financial Group boosted their price objective on GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, The Goldman Sachs Group increased their target price on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.78.

GE Vernova Stock Performance

Shares of GEV stock opened at $266.36 on Monday. The firm’s 50 day simple moving average is $218.99. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $270.87.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, equities research analysts anticipate that GE Vernova will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of GE Vernova

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anderson Hoagland & Co. bought a new position in shares of GE Vernova during the 1st quarter valued at about $1,720,000. Maryland State Retirement & Pension System bought a new stake in shares of GE Vernova during the 1st quarter worth $2,892,000. Boit C F David acquired a new position in shares of GE Vernova in the 1st quarter worth $149,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the first quarter worth $30,000. Finally, Nwam LLC purchased a new stake in shares of GE Vernova during the first quarter valued at $1,531,000.

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.