Nextera Energy Partners Given Average Recommendation of “Hold” by Analysts (NYSE:NEP)
Nextera Energy Partners (NYSE:NEP) has received a consensus rating of “Hold” from the nine analysts that are covering the company, Analyst Ratings.Net reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $37.50.
Shares of Nextera Energy Partners (NYSE:NEP) opened at 35.33 on Thursday. Nextera Energy Partners has a one year low of $31.32 and a one year high of $36.90. The stock has a 50-day moving average of $34.32 and a 200-day moving average of $34.37. The company has a market cap of $660.2 million and a price-to-earnings ratio of 21.31.
A number of research firms have recently commented on NEP. Analysts at ISI Group upgraded shares of Nextera Energy Partners to a “buy” rating in a research note on Thursday, August 7th. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Nextera Energy Partners in a research note on Wednesday, July 30th. They set a “market perform” rating and a $34.98 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Nextera Energy Partners in a research note on Monday, July 28th. They set an “overweight” rating and a $40.00 price target on the stock.
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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