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

GE Vernova (NYSE:GEV) had its price target hoisted by equities researchers at Jefferies Financial Group from $261.00 to $293.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 19.37% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Daiwa America raised GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. JPMorgan Chase & Co. boosted their price target on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Argus initiated coverage on GE Vernova in a research report on Thursday, June 13th. They issued a “buy” rating and a $190.00 price target for the company. Finally, The Goldman Sachs Group boosted their price target on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $219.42.

GE Vernova Trading Up 0.4 %

Shares of NYSE GEV opened at $245.46 on Friday. The company has a 50-day moving average price of $188.08. GE Vernova has a one year low of $115.00 and a one year high of $250.85.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities research analysts anticipate that GE Vernova will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in GE Vernova during the second quarter valued at about $326,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $34,149,000. KP Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $707,000. Newbridge Financial Services Group Inc. bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $76,000. Finally, SS&H Financial Advisors Inc. bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $641,000.

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.