NRG Yield Upgraded by Goldman Sachs Group Inc. to “Buy” (NYLD)
NRG Yield (NASDAQ:NYLD) was upgraded by research analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $41.00 target price on the stock, up from their previous target price of $30.00. Goldman Sachs Group Inc.’s target price indicates a potential upside of 10.90% from the stock’s previous close.
NRG Yield (NASDAQ:NYLD) traded up 0.41% on Tuesday, hitting $36.97. 161,804 shares of the company’s stock traded hands. NRG Yield has a 52 week low of $26.50 and a 52 week high of $30.09. The stock has a 50-day moving average of $28.38 and a 200-day moving average of $28.27. The company has a market cap of $2.412 billion and a price-to-earnings ratio of 49.03.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp initiated coverage on shares of NRG Yield in a research note to investors on Friday, August 23rd. They set a “hold” rating on the stock. Separately, analysts at Tudor Pickering initiated coverage on shares of NRG Yield in a research note to investors on Tuesday, August 20th. They set a “hold” rating on the stock. Finally, analysts at Merrill Lynch initiated coverage on shares of NRG Yield in a research note to investors on Tuesday, August 13th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. NRG Yield currently has an average rating of “Buy” and an average target price of $33.87.
NRG Yield, Inc serve as the primary vehicle, through which NRG Energy, Inc will own, operate and acquire contracted renewable and conventional generation and thermal infrastructure assets.
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