Huaneng Power International, Inc. (HNP) Given Average Recommendation of “Buy” by Brokerages

Shares of Huaneng Power International, Inc. (NYSE:HNP) have been given a consensus rating of “Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $30.00.

Several equities research analysts have recently commented on the stock. CLSA upgraded shares of Huaneng Power International from a “sell” rating to an “outperform” rating in a research note on Monday, November 6th. ValuEngine downgraded shares of Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Huaneng Power International in a research note on Tuesday, November 7th. BidaskClub downgraded shares of Huaneng Power International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Huaneng Power International from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, October 27th.

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Huaneng Power International (NYSE:HNP) traded down $0.16 during trading hours on Friday, hitting $27.27. 57,864 shares of the stock traded hands, compared to its average volume of 62,439. Huaneng Power International has a 1-year low of $23.75 and a 1-year high of $31.85. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $10,362.87, a P/E ratio of 39.52, a P/E/G ratio of 2.40 and a beta of 0.79.

Several institutional investors have recently modified their holdings of HNP. Ameriprise Financial Inc. acquired a new position in shares of Huaneng Power International in the first quarter worth about $240,000. UBS Group AG raised its position in shares of Huaneng Power International by 90.2% in the first quarter. UBS Group AG now owns 19,145 shares of the utilities provider’s stock worth $509,000 after acquiring an additional 9,080 shares during the period. Morgan Stanley raised its position in shares of Huaneng Power International by 17.9% in the first quarter. Morgan Stanley now owns 63,246 shares of the utilities provider’s stock worth $1,684,000 after acquiring an additional 9,605 shares during the period. Bank of America Corp DE raised its position in shares of Huaneng Power International by 1.2% in the first quarter. Bank of America Corp DE now owns 8,944 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 109 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Huaneng Power International in the first quarter worth about $299,000. Institutional investors and hedge funds own 0.58% of the company’s stock.

Huaneng Power International Company Profile

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