Assessing New Fortress Energy: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
New Fortress Energy (NASDAQ:NFE) has received mixed ratings from 4 analysts over the past three months, with a recent trend towards lower price targets. The average 12-month price target has dropped by 11.03% to $32.25. Analysts from Deutsche Bank, Stifel, and Barclays have all lowered their price targets, reflecting cautious sentiment. Despite positive revenue growth, NFE faces challenges with profitability, return on equity, and high debt levels.
July 23, 2024 | 4:00 pm
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NEGATIVE IMPACT
New Fortress Energy has received mixed ratings from analysts, with a recent trend towards lower price targets. The average 12-month price target has decreased by 11.03% to $32.25. Analysts from Deutsche Bank, Stifel, and Barclays have all lowered their price targets, reflecting cautious sentiment. Despite positive revenue growth, NFE faces challenges with profitability, return on equity, and high debt levels.
The mixed analyst ratings and the significant drop in the average price target indicate a cautious outlook on NFE. The company's positive revenue growth is overshadowed by challenges in profitability, return on equity, and high debt levels, which are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100