Jefferies Group Weighs in on Huaneng Power International’s FY2018 Earnings (HNP)

Huaneng Power International (NYSE:HNP) – Investment analysts at Jefferies Group issued their FY2018 earnings estimates for Huaneng Power International in a research report issued to clients and investors on Wednesday, March 14th, according to Zacks Investment Research. Jefferies Group analyst E. Lee expects that the utilities provider will earn $1.26 per share for the year. Jefferies Group also issued estimates for Huaneng Power International’s FY2019 earnings at $3.29 EPS, FY2020 earnings at $2.97 EPS, FY2021 earnings at $3.48 EPS and FY2022 earnings at $4.17 EPS.

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Several other analysts have also recently issued reports on HNP. Zacks Investment Research raised shares of Huaneng Power International from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, January 10th. ValuEngine cut shares of Huaneng Power International from a “buy” rating to a “hold” rating in a report on Saturday, March 17th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.00.

HNP traded down $0.72 during trading on Friday, hitting $25.62. The company had a trading volume of 64,494 shares, compared to its average volume of 85,385. The stock has a market capitalization of $10,009.46, a PE ratio of 7.93, a P/E/G ratio of 1.10 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.31 and a quick ratio of 0.26. Huaneng Power International has a 1-year low of $23.64 and a 1-year high of $31.85.

Several large investors have recently modified their holdings of the business. OLD Mission Capital LLC raised its holdings in shares of 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 worth $785,000 after purchasing an additional 3,600 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Huaneng Power International during the fourth quarter worth $412,000. Goldman Sachs Group Inc. raised its holdings in shares of Huaneng Power International by 57.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,228 shares of the utilities provider’s stock worth $456,000 after purchasing an additional 6,626 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Huaneng Power International by 16.5% during the fourth quarter. Guggenheim Capital LLC now owns 148,910 shares of the utilities provider’s stock worth $3,723,000 after purchasing an additional 21,062 shares during the period. Finally, Profund Advisors LLC raised its holdings in shares of Huaneng Power International by 52.4% during the fourth quarter. Profund Advisors LLC now owns 24,794 shares of the utilities provider’s stock worth $620,000 after purchasing an additional 8,525 shares during the period. 0.42% of the stock is currently owned by institutional investors.

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About Huaneng Power International

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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