GE Vernova (NYSE:GEV) PT Raised to $240.00

GE Vernova (NYSE:GEV) had its target price boosted by JPMorgan Chase & Co. from $216.00 to $240.00 in a report released on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other analysts have also recently commented on GEV. William Blair began coverage on GE Vernova in a report on Thursday, August 29th. They issued an outperform rating for the company. BMO Capital Markets assumed coverage on GE Vernova in a research note on Friday. They set an outperform rating and a $245.00 price target on the stock. Argus began coverage on shares of GE Vernova in a report on Thursday, June 13th. They issued a buy rating and a $190.00 target price for the company. Evercore ISI lifted their price objective on GE Vernova from $202.00 to $240.00 and gave the company an outperform rating in a research note on Thursday, September 12th. Finally, Hsbc Global Res raised shares of GE Vernova to a strong-buy rating in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova has a consensus rating of Moderate Buy and a consensus target price of $205.64.

GE Vernova Price Performance

NYSE:GEV opened at $229.93 on Friday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $231.51. The stock has a fifty day simple moving average of $183.00.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, sell-side analysts anticipate that GE Vernova will post 3.02 earnings per share for the current fiscal year.

Institutional Trading of GE Vernova

Several hedge funds have recently added to or reduced their stakes in GEV. Anderson Hoagland & Co. bought a new position in shares of GE Vernova during the 1st quarter valued at about $1,720,000. Maryland State Retirement & Pension System bought a new position in shares of GE Vernova in the first quarter valued at approximately $2,892,000. Valeo Financial Advisors LLC acquired a new position in shares of GE Vernova during the first quarter worth approximately $673,000. Boit C F David acquired a new position in GE Vernova during the 1st quarter valued at $149,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of GE Vernova in the first quarter valued at about $30,000.

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.