Deutsche Bank Aktiengesellschaft Initiates Coverage on GE Vernova (NYSE:GEV)

Analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova (NYSE:GEV) in a report issued on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $354.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 28.09% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Barclays boosted their target price on GE Vernova from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Truist Financial began coverage on GE Vernova in a research note on Thursday, September 26th. They set a “buy” rating and a $300.00 target price for the company. Mizuho boosted their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. BMO Capital Markets upped their price objective on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, William Blair began coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.83.

GE Vernova Price Performance

GEV opened at $276.37 on Monday. GE Vernova has a 12 month low of $115.00 and a 12 month high of $281.37. The business has a fifty day moving average price of $228.87 and a 200 day moving average price of $187.33.

GE Vernova (NYSE:GEV) last released its 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 company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Research analysts anticipate that GE Vernova will post 3.21 EPS for the current year.

Institutional Trading of GE Vernova

A number of large investors have recently made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova during the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova during the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova during the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC purchased a new stake in GE Vernova during the 2nd quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the 2nd quarter valued at approximately $27,000.

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.