GE Vernova (NYSE:GEV – Get Free Report) had its price objective upped by equities research analysts at Royal Bank of Canada from $262.00 to $285.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential downside of 2.52% from the company’s current price.
GEV has been the subject of several other research reports. Truist Financial assumed coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “buy” rating and a $300.00 price target for the company. William Blair began coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. HSBC reissued a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. JPMorgan Chase & Co. raised their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a report on Monday. They set a “buy” rating and a $354.00 price objective 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.07.
View Our Latest Analysis on GE Vernova
GE Vernova Stock Up 4.5 %
GE Vernova (NYSE:GEV – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. On average, equities analysts predict that GE Vernova will post 3.21 EPS for the current fiscal year.
Institutional Investors Weigh In On GE Vernova
A number of institutional investors and hedge funds have recently modified their holdings of GEV. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova in the second quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC purchased a new position in GE Vernova in the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC bought a new position in shares of GE Vernova in the 2nd quarter worth $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.
Featured Stories
- Five stocks we like better than GE Vernova
- How to buy stock: A step-by-step guide for beginners
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Insider Trading – What You Need to Know
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Canada Bond Market Holiday: How to Invest and Trade
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.