In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on New Fortress Energy, with a price target of $1.00. The company’s shares closed yesterday at $1.90.
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According to TipRanks, McDermott is a 5-star analyst with an average return of 9.2% and a 55.17% success rate. McDermott covers the Energy sector, focusing on stocks such as Chevron, Expand Energy, and EQT.
New Fortress Energy has an analyst consensus of Hold, with a price target consensus of $2.13, which is a 12.11% upside from current levels. In a report released on October 9, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $2.50 price target.
The company has a one-year high of $16.66 and a one-year low of $1.26. Currently, New Fortress Energy has an average volume of 16.47M.
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