Nextdecade (NEXT) Coverage Initiated at Credit Suisse Group

Investment analysts at Credit Suisse Group started coverage on shares of Nextdecade (NASDAQ:NEXT) in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm set a “neutral” rating and a $6.00 price target on the stock. Credit Suisse Group’s price objective points to a potential upside of 15.38% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Cowen cut Nextdecade from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 26th. Zacks Investment Research cut Nextdecade from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. ValuEngine upgraded Nextdecade from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Bank of America cut Nextdecade from a “buy” rating to a “neutral” rating and set a $6.00 price target for the company. in a research report on Friday, September 7th. Finally, Stifel Nicolaus set a $8.00 price target on Nextdecade and gave the company a “hold” rating in a research report on Saturday, August 11th. Seven equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $7.20.

NEXT stock traded up $0.16 during trading on Thursday, hitting $5.20. 31,210 shares of the company traded hands, compared to its average volume of 51,083. Nextdecade has a 1 year low of $3.95 and a 1 year high of $10.29.

Nextdecade (NASDAQ:NEXT) last announced its quarterly earnings results on Thursday, August 9th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.06. As a group, equities analysts predict that Nextdecade will post -0.34 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Deprince Race & Zollo Inc. increased its position in shares of Nextdecade by 33.8% in the second quarter. Deprince Race & Zollo Inc. now owns 57,000 shares of the company’s stock valued at $390,000 after buying an additional 14,400 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Nextdecade by 44.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 55,799 shares of the company’s stock valued at $382,000 after buying an additional 17,151 shares in the last quarter. California Public Employees Retirement System purchased a new stake in shares of Nextdecade in the second quarter valued at approximately $137,000. Bank of New York Mellon Corp purchased a new stake in shares of Nextdecade in the second quarter valued at approximately $160,000. Finally, Northern Trust Corp increased its position in shares of Nextdecade by 434.9% in the second quarter. Northern Trust Corp now owns 85,450 shares of the company’s stock valued at $585,000 after buying an additional 69,474 shares in the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.

About Nextdecade

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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Analyst Recommendations for Nextdecade (NASDAQ:NEXT)

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