ValuEngine cut shares of Huaneng Power International (NYSE:HNP) from a buy rating to a hold rating in a research report released on Saturday.
Several other equities research analysts have also issued reports on HNP. Daiwa Capital Markets lowered shares of Huaneng Power International from a hold rating to a sell rating in a report on Monday, November 27th. Zacks Investment Research lowered shares of Huaneng Power International from a buy rating to a hold rating in a report on Tuesday, December 26th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Huaneng Power International currently has an average rating of Hold and an average price target of $30.00.
Shares of Huaneng Power International (HNP) opened at $25.65 on Friday. The stock has a market cap of $9,789.06, a PE ratio of 37.17, a PEG ratio of 1.08 and a beta of 0.73. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.29. Huaneng Power International has a twelve month low of $23.64 and a twelve month high of $31.85.
Institutional investors have recently added to or reduced their stakes in the company. First Allied Advisory Services Inc. bought a new stake in shares of Huaneng Power International in the 3rd quarter worth about $558,000. Investors Research Corp bought a new stake in shares of Huaneng Power International in the 4th quarter worth about $684,000. Bank of Montreal Can lifted its holdings in shares of Huaneng Power International by 25.4% in the 4th quarter. Bank of Montreal Can now owns 51,705 shares of the utilities provider’s stock worth $1,293,000 after acquiring an additional 10,482 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Huaneng Power International by 92.5% in the 3rd quarter. Wells Fargo & Company MN now owns 29,438 shares of the utilities provider’s stock worth $719,000 after acquiring an additional 14,149 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Huaneng Power International in the 3rd quarter worth about $2,799,000. Hedge funds and other institutional investors own 0.42% of the company’s stock.
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Huaneng Power International Company Profile
Huaneng Power International, Inc, an independent power producer, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.
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