NextDecade (NASDAQ:NEXT - Get Free Report) had its target price boosted by equities researchers at Morgan Stanley from $10.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 41.04% from the company's previous close.
Several other analysts also recently weighed in on the company. TD Cowen raised NextDecade from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a research note on Tuesday, June 24th. Cowen upgraded NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday, June 24th.
View Our Latest Research Report on NEXT
NextDecade Stock Performance
Shares of NASDAQ NEXT traded up $1.43 during mid-day trading on Friday, hitting $10.64. The company had a trading volume of 3,927,762 shares, compared to its average volume of 1,939,170. The firm's 50 day simple moving average is $8.20 and its two-hundred day simple moving average is $7.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -15.49 and a beta of 1.08. NextDecade has a 12 month low of $4.27 and a 12 month high of $10.64.
Institutional Investors Weigh In On NextDecade
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of NextDecade by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 325,367 shares of the company's stock worth $2,509,000 after purchasing an additional 2,833 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in NextDecade by 350.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock valued at $35,000 after buying an additional 3,485 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NextDecade by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,101,775 shares of the company's stock worth $8,495,000 after buying an additional 36,959 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of NextDecade during the 4th quarter worth about $537,000. Finally, Arizona State Retirement System boosted its stake in shares of NextDecade by 59.1% during the 4th quarter. Arizona State Retirement System now owns 41,360 shares of the company's stock worth $319,000 after acquiring an additional 15,360 shares in the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.
About NextDecade
(
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NextDecade Corp. is a development company.
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