GE Vernova Inc. (NYSE:GEV) Receives $1,133.15 Average Price Target from Analysts

GE Vernova Inc. (NYSE:GEV) has received a consensus recommendation of “Moderate Buy” from the thirty analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $1,133.1538.

Several equities research analysts have issued reports on GEV shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Vernova in a research note on Monday, July 27th. Zacks Research downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. William Blair restated an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Barclays raised their price objective on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Argus set a $1,300.00 target price on GE Vernova in a research report on Monday, April 27th.

GE Vernova Price Performance

NYSE:GEV opened at $1,082.30 on Friday. The stock has a 50 day moving average of $1,037.03 and a two-hundred day moving average of $962.56. GE Vernova has a 12 month low of $530.16 and a 12 month high of $1,195.94. The firm has a market cap of $288.25 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 3.79 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter last year, the business earned $1.86 EPS. The business’s revenue was up 21.9% compared to the same quarter last year. On average, analysts expect that GE Vernova will post 15.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GE Vernova

A number of hedge funds have recently bought and sold shares of GEV. Hamilton Capital LLC acquired a new stake in GE Vernova in the second quarter valued at approximately $302,000. Equitable Holdings Inc. purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $41,993,000. Centaurus Financial Inc. purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $5,038,000. FSA Advisors Inc. acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $1,527,000. Finally, N10 Assets LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $9,401,000.

About GE Vernova

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.