GE Vernova (NYSE:GEV – Get Free Report) had its target price dropped by stock analysts at Guggenheim from $1,450.00 to $1,400.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim‘s price objective would suggest a potential upside of 63.82% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Susquehanna dropped their price target on GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating on the stock in a research note on Thursday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,298.00 price objective on shares of GE Vernova in a research note on Wednesday, October 28th. Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Royal Bank Of Canada increased their price objective on GE Vernova from $1,225.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Evercore restated an “outperform” rating and set a $1,350.00 target price on shares of GE Vernova in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,150.87.
Get Our Latest Stock Report on GE Vernova
GE Vernova Stock Performance
NYSE GEV opened at $854.58 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62. GE Vernova has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a market capitalization of $226.19 billion, a PE ratio of 22.42, a P/E/G ratio of 2.91 and a beta of 1.25. The company has a fifty day moving average of $934.85 and a two-hundred day moving average of $940.34.
GE Vernova (NYSE:GEV – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The business had revenue of $12.64 billion for the quarter, compared to analysts’ expectations of $11.99 billion. During the same quarter in the previous year, the firm earned $1.64 earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. As a group, analysts expect that GE Vernova will post 16.05 earnings per share for the current year.
Hedge Funds Weigh In On GE Vernova
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pathway Financial Advisers LLC purchased a new position in shares of GE Vernova during the third quarter worth about $70,000. Costello Asset Management INC increased its position in GE Vernova by 2.9% in the 3rd quarter. Costello Asset Management INC now owns 1,068 shares of the company’s stock valued at $1,015,000 after acquiring an additional 30 shares during the period. Bfsg LLC raised its stake in GE Vernova by 10.8% during the 3rd quarter. Bfsg LLC now owns 3,324 shares of the company’s stock valued at $3,159,000 after acquiring an additional 323 shares during the last quarter. Northeast Investment Management raised its stake in GE Vernova by 5.0% during the 3rd quarter. Northeast Investment Management now owns 13,186 shares of the company’s stock valued at $12,533,000 after acquiring an additional 631 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in GE Vernova by 6.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,964 shares of the company’s stock valued at $8,935,000 after acquiring an additional 622 shares during the last quarter.
About GE Vernova
GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.
Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.
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