Huaneng Power International Inc (HNP) Receives Average Rating of “Hold” from Brokerages

Huaneng Power International Inc (NYSE:HNP) has received an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company.

HNP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Huaneng Power International from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, October 27th. ValuEngine raised shares of Huaneng Power International from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. CLSA raised shares of Huaneng Power International from a “sell” rating to an “outperform” rating in a research report on Monday, November 6th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Huaneng Power International in a research report on Tuesday, November 7th. Finally, Daiwa Capital Markets downgraded shares of Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Monday, November 27th.

Shares of Huaneng Power International (NYSE HNP) traded up $1.01 during mid-day trading on Monday, hitting $26.53. 177,300 shares of the stock traded hands, compared to its average volume of 147,600. The firm has a market cap of $13,050.00, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 0.57 and a beta of 0.77. Huaneng Power International has a one year low of $24.40 and a one year high of $31.85. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.29.

A number of large investors have recently modified their holdings of HNP. Jane Street Group LLC purchased a new stake in Huaneng Power International in the 3rd quarter worth about $2,799,000. First Trust Advisors LP increased its holdings in Huaneng Power International by 16.9% in the 3rd quarter. First Trust Advisors LP now owns 66,411 shares of the utilities provider’s stock worth $1,622,000 after acquiring an additional 9,624 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Huaneng Power International during the 2nd quarter valued at about $1,469,000. Alps Advisors Inc. grew its holdings in Huaneng Power International by 20.5% during the 3rd quarter. Alps Advisors Inc. now owns 36,389 shares of the utilities provider’s stock valued at $889,000 after buying an additional 6,200 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Huaneng Power International by 92.5% during the 3rd quarter. Wells Fargo & Company MN now owns 29,438 shares of the utilities provider’s stock valued at $719,000 after buying an additional 14,149 shares in the last quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Huaneng Power International Inc (HNP) Receives Average Rating of “Hold” from Brokerages” was published by BBNS and is owned by of BBNS. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://baseballnewssource.com/markets/huaneng-power-international-inc-hnp-receives-average-rating-of-hold-from-brokerages/1818547.html.

Huaneng Power International Company Profile

Analyst Recommendations for Huaneng Power International (NYSE:HNP)

Receive News & Ratings for Huaneng Power International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huaneng Power International and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.