Venture Global (NYSE:VG) Raised to Buy at Deutsche Bank Aktiengesellschaft

Key Points

• Venture Global has been upgraded by Deutsche Bank from a "hold" to a "buy" rating, with a price target of $17.00, indicating a potential upside of 30.37% from the current price.
• Other recent upgrades include UBS Group raising their rating to "buy" with a price target of $18.00, and JPMorgan Chase increasing their target to $17.00.
• Venture Global's stock has shown volatility, with a twelve-month low of $6.75 and a high of $25.50, and has attracted significant investments from major institutional players.

Venture Global (NYSE:VG - Get Free Report) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a $17.00 price objective on the stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 35.03% from the stock's current price.

VG has been the subject of a number of other research reports. Scotiabank lifted their price target on Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. UBS Group raised Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price target for the company in a research report on Monday, August 25th. Johnson Rice began coverage on Venture Global in a research report on Tuesday, June 17th. They set a "buy" rating and a $20.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Venture Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Venture Global Stock Down 3.2%

VG traded down $0.41 on Thursday, reaching $12.59. 2,082,185 shares of the stock were exchanged, compared to its average volume of 7,101,377. The company's 50-day moving average price is $14.64 and its 200 day moving average price is $12.65. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39.

Hedge Funds Weigh In On Venture Global

A number of hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global in the second quarter valued at approximately $26,000. AdvisorNet Financial Inc acquired a new stake in shares of Venture Global in the second quarter valued at approximately $28,000. Center for Financial Planning Inc. acquired a new stake in shares of Venture Global in the first quarter valued at approximately $37,000. Delos Wealth Advisors LLC acquired a new stake in shares of Venture Global in the second quarter valued at approximately $45,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Venture Global in the second quarter valued at approximately $47,000.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.