GE Vernova Inc. (NYSE:GEV – Get Free Report)’s stock price reached a new 52-week high on Monday after Jefferies Financial Group raised their price target on the stock from $261.00 to $293.00. Jefferies Financial Group currently has a buy rating on the stock. GE Vernova traded as high as $252.00 and last traded at $251.57, with a volume of 87277 shares changing hands. The stock had previously closed at $245.46.
Other analysts have also issued research reports about the company. Argus initiated coverage on GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 target price on the stock. Evercore ISI increased their target price on GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Mizuho increased their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Morgan Stanley increased their target price on GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $223.66.
Read Our Latest Stock Report on GEV
Institutional Trading of GE Vernova
GE Vernova Price Performance
The company has a 50 day moving average of $191.02.
GE Vernova (NYSE:GEV – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. As a group, research analysts predict that GE Vernova Inc. will post 3.02 EPS for the current fiscal year.
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.
Read More
- Five stocks we like better than GE Vernova
- Why is the Ex-Dividend Date Significant to Investors?
- Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
- The Basics of Support and Resistance
- Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges
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.