Morgan Stanley Lowers New Fortress Energy (NASDAQ:NFE) Price Target to $14.00

New Fortress Energy (NASDAQ:NFE) had its target price lowered by stock analysts at Morgan Stanley from $15.00 to $14.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 35.40% from the stock’s current price.

A number of other research firms also recently commented on NFE. Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 target price for the company in a research report on Wednesday, December 4th. Stifel Nicolaus increased their target price on New Fortress Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, New Fortress Energy has a consensus rating of “Hold” and an average price target of $15.60.

New Fortress Energy Stock Up 6.1 %

NASDAQ NFE opened at $10.34 on Tuesday. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.35 and a current ratio of 0.38. The company has a market capitalization of $2.82 billion, a P/E ratio of 11.36 and a beta of 1.58. New Fortress Energy has a one year low of $7.82 and a one year high of $34.40. The stock has a 50 day moving average price of $13.57 and a 200-day moving average price of $11.59.

New Fortress Energy (NASDAQ:NFE) last posted its earnings results on Monday, March 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $679.00 million during the quarter, compared to the consensus estimate of $613.24 million. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.84%. As a group, equities analysts predict that New Fortress Energy will post 0.36 EPS for the current fiscal year.

Institutional Trading of New Fortress Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in shares of New Fortress Energy by 16.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 27,425 shares of the company’s stock valued at $415,000 after buying an additional 3,778 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in New Fortress Energy by 40.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 197,427 shares of the company’s stock valued at $2,985,000 after purchasing an additional 56,760 shares during the last quarter. Waverly Advisors LLC purchased a new position in New Fortress Energy in the fourth quarter valued at about $242,000. Two Sigma Investments LP grew its stake in New Fortress Energy by 186.9% in the fourth quarter. Two Sigma Investments LP now owns 170,852 shares of the company’s stock valued at $2,583,000 after purchasing an additional 111,300 shares during the last quarter. Finally, Shay Capital LLC purchased a new position in New Fortress Energy in the fourth quarter valued at about $16,866,000. Hedge funds and other institutional investors own 58.61% of the company’s stock.

About New Fortress Energy

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.