GE Vernova Inc. (NYSE:GEV – Get Free Report) shares hit a brand new 52-week excessive throughout buying and selling on Tuesday after Royal Financial institution of Canada raised their worth goal on the inventory from $192.00 to $246.00. Royal Financial institution of Canada at present has an outperform score on the inventory. GE Vernova traded as excessive as $236.20 and final traded at $236.20, with a quantity of 913103 shares buying and selling palms. The inventory had beforehand closed at $229.93.
Different equities analysis analysts have additionally not too long ago issued analysis reviews concerning the inventory. Daiwa Capital Markets began protection on shares of GE Vernova in a report on Friday, June twenty first. They issued an “outperform” score and a $201.50 worth goal on the inventory. Financial institution of America raised shares of GE Vernova from a “impartial” score to a “purchase” score and lifted their worth goal for the inventory from $200.00 to $300.00 in a report on Tuesday. The Goldman Sachs Group boosted their goal worth on shares of GE Vernova from $196.00 to $220.00 and gave the corporate a “purchase” score in a report on Friday, July twenty sixth. Mizuho boosted their goal worth on shares of GE Vernova from $186.00 to $208.00 and gave the corporate an “outperform” score in a report on Friday, July twenty sixth. Lastly, JPMorgan Chase & Co. boosted their goal worth on shares of GE Vernova from $216.00 to $240.00 and gave the corporate an “obese” score in a report on Friday, September thirteenth. Three equities analysis analysts have rated the inventory with a maintain score, sixteen have issued a purchase score and two have given a powerful purchase score to the corporate. Based mostly on information from MarketBeat.com, the corporate presently has a median score of “Reasonable Purchase” and a median worth goal of $217.64.
Test Out Our Newest Analysis Report on GEV
Hedge Funds Weigh In On GE Vernova
A number of hedge funds and different institutional buyers have not too long ago modified their holdings of GEV. Newport Belief Firm LLC purchased a brand new place in shares of GE Vernova through the second quarter valued at about $650,140,000. Financial institution of New York Mellon Corp purchased a brand new place in GE Vernova within the second quarter price about $537,674,000. Value T Rowe Associates Inc. MD purchased a brand new place in GE Vernova within the first quarter price about $367,474,000. Marshall Wace LLP purchased a brand new place in GE Vernova within the second quarter price about $399,770,000. Lastly, Authorized & Basic Group Plc purchased a brand new place in GE Vernova within the second quarter price about $293,699,000.
GE Vernova Inventory Efficiency
The inventory has a 50 day shifting common worth of $185.43.
GE Vernova (NYSE:GEV – Get Free Report) final introduced its quarterly earnings information on Wednesday, July twenty fourth. The corporate reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The enterprise had income of $8.20 billion through the quarter, in comparison with analysts’ expectations of $8.42 billion. On common, equities analysts anticipate that GE Vernova Inc. will submit 3.02 EPS for the present fiscal yr.
GE Vernova Firm Profile
GE Vernova LLC, an vitality enterprise firm, generates electrical energy. It operates beneath three segments: Energy, Wind, and Electrification. The Energy segments generates and sells electrical energy by way of hydro, fuel, nuclear, and steam energy. Wind phase engages within the manufacturing and sale of wind turbine blades; and Electrification phase gives grid options, energy conversion, photo voltaic, and storage options.
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