Jefferies Financial Group Boosts GE Vernova (NYSE:GEV) Price Target to $293.00

GE Vernova (NYSE:GEV) had its price objective raised by Jefferies Financial Group from $261.00 to $293.00 in a research note released on Friday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada raised their target price on GE Vernova from $192.00 to $246.00 and gave the stock an outperform rating in a research report on Tuesday, September 17th. The Goldman Sachs Group raised their target price on GE Vernova from $196.00 to $220.00 and gave the stock a buy rating in a research report on Friday, July 26th. Barclays started coverage on GE Vernova in a research report on Monday, September 16th. They issued an overweight rating and a $250.00 target price for the company. Bank of America raised GE Vernova from a neutral rating to a buy rating and raised their target price for the stock from $200.00 to $300.00 in a research report on Tuesday, September 17th. Finally, William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They issued an outperform rating for the company. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $219.42.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $251.55 on Friday. The stock’s fifty day simple moving average is $189.57. GE Vernova has a 12 month low of $115.00 and a 12 month high of $254.87.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. Research analysts anticipate that GE Vernova will post 3.02 EPS for the current year.

Hedge Funds Weigh In On GE Vernova

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova during the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova during the second quarter worth about $25,000. Global Trust Asset Management LLC purchased a new position in GE Vernova during the second quarter worth about $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in GE Vernova during the second quarter worth about $27,000.

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.