NRG Yield Upgraded to “Outperform” by Zacks (NYLD)
NRG Yield (NASDAQ:NYLD) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Friday, American Banking News reports. The firm currently has a $43.60 target price on the stock. Zacks‘ price target would suggest a potential upside of 9.03% from the company’s current price.
Shares of NRG Yield (NASDAQ:NYLD) traded down 0.83% during mid-day trading on Friday, hitting $39.66. 231,608 shares of the company’s stock traded hands. NRG Yield has a 52-week low of $26.50 and a 52-week high of $41.18. The stock’s 50-day moving average is $37.61 and its 200-day moving average is $32.56. The company has a market cap of $892.8 million and a price-to-earnings ratio of 25.01.
NRG Yield (NASDAQ:NYLD) last released its earnings data on Tuesday, November 12th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.02. The company had revenue of $95.00 million for the quarter, compared to the consensus estimate of $79.74 million.
NYLD has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. downgraded shares of NRG Yield from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at UBS AG raised their price target on shares of NRG Yield from $29.00 to $36.00 in a research note to investors on Thursday, December 5th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of NRG Yield from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 22nd. They now have a $41.00 price target on the stock, up previously from $30.00. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $36.27.
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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