GE Vernova (NYSE:GEV) Given New $336.00 Price Target at Jefferies Financial Group

GE Vernova (NYSE:GEV) had its price target lifted by Jefferies Financial Group from $293.00 to $336.00 in a research report report published on Friday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

GEV has been the subject of a number of other research reports. Guggenheim initiated coverage on GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target for the company. Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. increased their price target on GE Vernova from $240.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Finally, Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.83.

GE Vernova Trading Up 1.4 %

Shares of GE Vernova stock opened at $276.41 on Friday. The stock has a 50-day simple moving average of $226.93 and a 200-day simple moving average of $186.25. GE Vernova has a 52-week low of $115.00 and a 52-week high of $281.37.

GE Vernova (NYSE:GEV) last posted 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 business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Equities research analysts expect that GE Vernova will post 3.21 EPS for the current fiscal year.

Institutional Trading of GE Vernova

Several institutional investors have recently made changes to their positions in GEV. Castleview Partners LLC bought a new position in GE Vernova during the third quarter worth about $28,000. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova in the 2nd quarter valued at $25,000. Finally, Global Trust Asset Management LLC bought a new stake in GE Vernova in the second quarter valued at $26,000.

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.