GE Vernova Inc. (NYSE:GEV) Receives Average Recommendation of “Moderate Buy” from Brokerages

GE Vernova Inc. (NYSE:GEV) has received a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1,154.28.

Several analysts have weighed in on GEV shares. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Royal Bank Of Canada raised their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Guggenheim raised their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd.

GE Vernova Stock Down 0.1%

Shares of GE Vernova stock opened at $956.32 on Wednesday. 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 has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a market cap of $254.70 billion, a P/E ratio of 27.37, a PEG ratio of 4.45 and a beta of 1.15. The company’s fifty day simple moving average is $999.15 and its two-hundred day simple moving average is $983.91.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The company had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Research analysts anticipate that GE Vernova will post 15.36 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GEV. Parvin Asset Management LLC bought a new position in shares of GE Vernova during the second quarter valued at approximately $32,000. Pingora Partners LLC bought a new position in GE Vernova in the 2nd quarter worth about $36,000. Manning & Napier Advisors LLC grew its holdings in shares of GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares during the last quarter. IMG Wealth Management Inc. purchased a new position in GE Vernova in the 2nd quarter worth approximately $39,000. Finally, Miller Global Investments LLC raised its holdings in GE Vernova by 63.6% in the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock worth $42,000 after acquiring an additional 14 shares during the last quarter.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.