Assessing New Fortress Energy: Insights From 5 Financial Analysts
Portfolio Pulse from Benzinga Insights
New Fortress Energy (NASDAQ:NFE) has received mixed analyst ratings over the past three months, with a notable decrease in average price targets. Analysts have lowered their ratings and price targets, reflecting concerns over the company's financial performance, including a decline in revenue growth and profitability metrics. The company's high debt-to-equity ratio also poses potential financial challenges.
September 13, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
New Fortress Energy has seen a decrease in analyst price targets, with a current average of $19.6, down from $32.20. Analysts have lowered their ratings, reflecting concerns over the company's financial performance, including a 23.75% decline in revenue growth and a high debt-to-equity ratio.
The decrease in analyst price targets and lowered ratings indicate a negative sentiment towards NFE's short-term performance. The company's financial challenges, such as declining revenue growth and high debt, contribute to this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100