Royal Bank of Canada Boosts GE Vernova (NYSE:GEV) Price Target to $246.00

GE Vernova (NYSE:GEV) had its price objective upped by Royal Bank of Canada from $192.00 to $246.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Evercore ISI boosted their target price on shares of GE Vernova from $202.00 to $240.00 and gave the stock an outperform rating in a report on Thursday, September 12th. Daiwa America raised shares of GE Vernova to a strong-buy rating in a research note on Friday, June 21st. JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $216.00 to $240.00 and gave the stock an overweight rating in a report on Friday, September 13th. Jefferies Financial Group started coverage on GE Vernova in a report on Wednesday, September 4th. They issued a buy rating and a $261.00 price target on the stock. Finally, William Blair started coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an outperform rating for the company. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $217.64.

GE Vernova Price Performance

Shares of GEV opened at $244.45 on Tuesday. The business has a fifty day moving average price of $186.78. GE Vernova has a one year low of $115.00 and a one year high of $245.00.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Equities research analysts predict that GE Vernova will post 3.02 EPS for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

Institutional investors have recently bought and sold shares of the business. Anderson Hoagland & Co. acquired a new position in GE Vernova during the 1st quarter worth approximately $1,720,000. Maryland State Retirement & Pension System acquired a new position in GE Vernova during the 1st quarter worth $2,892,000. Valeo Financial Advisors LLC bought a new stake in GE Vernova in the first quarter valued at about $673,000. Boit C F David bought a new stake in shares of GE Vernova in the 1st quarter valued at approximately $149,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the first quarter worth $30,000.

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.