Robert W. Baird Increases GE Vernova (NYSE:GEV) Price Target to $405.00

GE Vernova (NYSE:GEV) had its target price boosted by investment analysts at Robert W. Baird from $387.00 to $405.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 8.69% from the company’s previous close.

A number of other research firms have also weighed in on GEV. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Truist Financial set a $440.00 price target on GE Vernova in a research note on Thursday, March 27th. Marathon Capitl raised GE Vernova to a “strong-buy” rating in a research report on Friday, January 31st. Jefferies Financial Group increased their target price on GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, Susquehanna began coverage on GE Vernova in a report on Wednesday, April 2nd. They issued a “positive” rating and a $370.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.22.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $372.62 on Thursday. GE Vernova has a one year low of $149.42 and a one year high of $447.50. The stock has a market cap of $101.85 billion and a PE ratio of 67.02. The business’s fifty day moving average price is $318.90 and its two-hundred day moving average price is $332.43.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.46. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the company earned ($0.47) earnings per share. As a group, equities research analysts predict that GE Vernova will post 6.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEV. Mather Group LLC. lifted its stake in shares of GE Vernova by 18.6% in the first quarter. Mather Group LLC. now owns 2,671 shares of the company’s stock worth $815,000 after acquiring an additional 418 shares in the last quarter. Alta Advisers Ltd raised its position in shares of GE Vernova by 43.4% in the 1st quarter. Alta Advisers Ltd now owns 1,322 shares of the company’s stock valued at $404,000 after purchasing an additional 400 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $48,000. CHURCHILL MANAGEMENT Corp boosted its stake in shares of GE Vernova by 96.1% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 46,726 shares of the company’s stock valued at $14,264,000 after buying an additional 22,893 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in shares of GE Vernova by 1.1% during the first quarter. Koshinski Asset Management Inc. now owns 3,042 shares of the company’s stock worth $929,000 after buying an additional 34 shares in the last quarter.

GE Vernova Company Profile

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.