Zacks Investment Research upgraded shares of Huaneng Power International (NYSE:HNP) from a hold rating to a buy rating in a report issued on Tuesday, January 23rd. The brokerage currently has $30.00 target price on the utilities provider’s stock.
According to Zacks, “Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. “
A number of other research firms have also recently commented on HNP. 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. ValuEngine raised shares of Huaneng Power International from a hold rating to a buy rating in a research report on Monday, October 2nd. Finally, Daiwa Capital Markets cut shares of Huaneng Power International from a hold rating to a sell rating in a research report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $30.00.
Shares of Huaneng Power International (HNP) traded down $0.07 on Tuesday, hitting $24.19. 74,414 shares of the stock traded hands, compared to its average volume of 83,575. Huaneng Power International has a 52-week low of $23.64 and a 52-week high of $31.85. The stock has a market cap of $9,192.44, a PE ratio of 35.06, a PEG ratio of 0.52 and a beta of 0.71. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.33 and a quick ratio of 0.29.
A number of large investors have recently bought and sold shares of the stock. OLD Mission Capital LLC lifted its position in Huaneng Power International by 12.9% during the fourth quarter. OLD Mission Capital LLC now owns 31,413 shares of the utilities provider’s stock valued at $785,000 after acquiring an additional 3,600 shares during the last quarter. Two Sigma Investments LP acquired a new position in Huaneng Power International during the 4th quarter valued at approximately $412,000. Goldman Sachs Group Inc. increased its stake in Huaneng Power International by 57.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,228 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 6,626 shares in the last quarter. Guggenheim Capital LLC increased its stake in Huaneng Power International by 16.5% during the 4th quarter. Guggenheim Capital LLC now owns 148,910 shares of the utilities provider’s stock valued at $3,723,000 after purchasing an additional 21,062 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in Huaneng Power International by 52.4% during the 4th quarter. Profund Advisors LLC now owns 24,794 shares of the utilities provider’s stock valued at $620,000 after purchasing an additional 8,525 shares in the last quarter. 0.55% of the stock is owned by institutional investors.
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Huaneng Power International Company Profile
HUANENG POWER INTERNATIONAL,INC. is a China-based company principally engaged in the development, construction, operation and management of power plants. The Company mainly operates through the generation and sale of electric power. The Company also provides supply of heat. The Company operates its business both in domestic market and to overseas market.
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