Robert W. Baird Forecasts Strong Price Appreciation for GE Vernova (NYSE:GEV) Stock

GE Vernova (NYSE:GEVGet Free Report) had its target price boosted by research analysts at Robert W. Baird from $1,008.00 to $1,400.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 24.31% from the company’s current price.

Other equities analysts have also issued reports about the company. Guggenheim reiterated a “buy” rating on shares of GE Vernova in a research report on Thursday. Oppenheimer boosted their price objective on GE Vernova from $871.00 to $1,139.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $785.00 price objective on shares of GE Vernova in a research report on Thursday, January 29th. Wells Fargo & Company upped their price target on GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Finally, Royal Bank Of Canada upped their price target on GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $959.35.

View Our Latest Report on GEV

GE Vernova Trading Up 13.6%

Shares of NYSE:GEV opened at $1,126.25 on Thursday. The stock has a market capitalization of $302.80 billion, a P/E ratio of 63.27, a P/E/G ratio of 3.88 and a beta of 1.43. GE Vernova has a 1-year low of $333.19 and a 1-year high of $1,142.00. The business has a 50-day moving average price of $884.14 and a two-hundred day moving average price of $724.39.

GE Vernova (NYSE:GEVGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. As a group, equities analysts predict that GE Vernova will post 14.2 EPS for the current year.

Institutional Investors Weigh In On GE Vernova

A number of institutional investors and hedge funds have recently made changes to their positions in GEV. Jackson Grant Investment Advisers Inc. raised its stake in shares of GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of GE Vernova during the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in shares of GE Vernova during the 3rd quarter worth approximately $25,000. Torren Management LLC bought a new stake in shares of GE Vernova during the 4th quarter worth approximately $26,000. Finally, ORG Wealth Partners LLC raised its stake in shares of GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares in the last quarter.

GE Vernova News Summary

Here are the key news stories impacting GE Vernova this week:

About GE Vernova

(Get Free Report)

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.

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Analyst Recommendations for GE Vernova (NYSE:GEV)

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