Nextera Energy Partners Receives Average Recommendation of “Hold” from Brokerages (NYSE:NEP)
Nextera Energy Partners (NYSE:NEP) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the company, AmericanBankingNews.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.00.
A number of analysts have recently weighed in on NEP shares. Analysts at Barclays initiated coverage on shares of Nextera Energy Partners in a research note on Monday. They set an “overweight” rating and a $40.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Nextera Energy Partners in a research note on Tuesday, July 22nd. They set a “buy” rating and a $44.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Nextera Energy Partners in a research note on Tuesday, July 22nd. They set an “equal weight” rating on the stock.
Nextera Energy Partners (NYSE:NEP) traded up 0.12% on Monday, hitting $34.34. The stock had a trading volume of 105,886 shares. Nextera Energy Partners has a 52 week low of $31.32 and a 52 week high of $36.90. The stock has a 50-day moving average of $34.67 and a 200-day moving average of $34.67. The company has a market cap of $558.0 million and a P/E ratio of 51.73.
Nextera Energy Partners, LP owns, operates and acquires contracted clean energy projects with stable, long-term cash flows through its limited partner interest in NEE Operating LP.
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