GE Vernova (NYSE:GEV) Given Consensus Rating of “Buy” by Brokerages

Shares of GE Vernova (NYSE:GEV) have received a consensus recommendation of “Buy” from the four analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $152.25.

A number of brokerages recently commented on GEV. BNP Paribas began coverage on GE Vernova in a research note on Wednesday. They set an “outperform” rating and a $177.00 price objective for the company. Mizuho began coverage on GE Vernova in a research note on Monday. They set a “buy” rating and a $154.00 price objective for the company. Raymond James began coverage on GE Vernova in a research note on Wednesday. They set an “outperform” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price for the company in a research note on Monday, April 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of GE Vernova in a research note on Friday, April 12th.

GE Vernova Price Performance

Shares of NYSE GEV traded up $4.68 during midday trading on Wednesday, hitting $134.75. The stock had a trading volume of 6,146,797 shares, compared to its average volume of 8,169,461. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $152.48.

Institutional Trading of GE Vernova

A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. purchased a new stake in GE Vernova (NYSE:GEV) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.

GE Vernova Company Profile

GE Vernova is an energy company which includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. GE Vernova is headquartered in Cambridge, Massachusetts.