BMO Capital Markets Boosts GE Vernova (NYSE:GEV) Price Target to $288.00

GE Vernova (NYSE:GEV) had its price target hoisted by BMO Capital Markets from $245.00 to $288.00 in a research report report published on Monday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. Morgan Stanley upped their target price on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $240.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Truist Financial started coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “buy” rating and a $300.00 target price on the stock. Redburn Atlantic initiated coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price on the stock. Finally, Oppenheimer started coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating for the company. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.78.

GE Vernova Trading Up 3.2 %

GEV opened at $274.77 on Monday. The stock has a 50-day moving average of $221.17 and a 200-day moving average of $183.61. GE Vernova has a 52-week low of $115.00 and a 52-week high of $276.19.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities research analysts forecast that GE Vernova will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GEV. Anderson Hoagland & Co. bought a new stake in shares of GE Vernova in the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System bought a new stake in shares of GE Vernova during the 1st quarter valued at $2,892,000. Boit C F David bought a new stake in shares of GE Vernova during the 1st quarter valued at $149,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the 1st quarter worth $30,000. Finally, Nwam LLC acquired a new position in GE Vernova in the first quarter valued at about $1,531,000.

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.