In a report released today, Devin McDermott from Morgan Stanley maintained a Buy rating on New Fortress Energy (NFE – Research Report), with a price target of $58.00. The company’s shares opened today at $51.33.
According to TipRanks, McDermott is a 5-star analyst with an average return of 9.9% and a 56.43% success rate. McDermott covers the Utilities sector, focusing on stocks such as Chevron, Exxon Mobil, and Diamondback.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Fortress Energy with a $57.50 average price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $52.37 and a one-year low of $19.17. Currently, New Fortress Energy has an average volume of 1.05M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
New Fortress Energy LLC engages in the provision of energy infrastructure and development services. It specializes in the fields of power, infrastructure, transportation and liquefied natural gas (LNG). Its LNG production and delivery model includes liquefaction, logistics, shipping and terminals. The company was founded by Wesley Robert Edens in 2014 and is headquartered in New York, NY.
Read More on NFE:
- Morgan Stanley Reaffirms Their Buy Rating on Johnson Controls (JCI)
- Goldman Sachs Reaffirms Their Buy Rating on Guardant Health (GH)
- Genmab Improves Its 2022 Financial Guidance
- Analysts Offer Insights on Services Companies: Republic Services (RSG), WW International (WW) and Shake Shack (SHAK)
- Analysts Offer Insights on Financial Companies: WillScot Mobile Mini Holdings (WSC), Reinsurance Group (RGA) and Western Union (WU)
