Huaneng Power International Rating Lowered to Neutral at Zacks (HNP)
Huaneng Power International (NYSE:HNP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $46.00 price target on the stock. Zacks‘ price objective points to a potential upside of 13.75% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein upgraded shares of Huaneng Power International (NYSE:HNP) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, September 12th. Separately, analysts at TheStreet downgraded shares of Huaneng Power International (NYSE:HNP) from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, September 4th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Huaneng Power International (NYSE:HNP) from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.00.
Huaneng Power International (NYSE:HNP) traded up 0.97% during mid-day trading on Tuesday, hitting $40.44. 20,913 shares of the company’s stock traded hands. Huaneng Power International has a one year low of $28.51 and a one year high of $49.59. The stock’s 50-day moving average is $39.93 and its 200-day moving average is $41.41. The company has a market cap of $14.210 billion and a price-to-earnings ratio of 9.82.
Huaneng Power International, Inc is principally engaged in investment, construction, operation and management of power plants.
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