Huaneng Power International Inc (NYSE:HNP) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $30.00.

A number of analysts have recently weighed in on HNP shares. Zacks Investment Research raised shares of Huaneng Power International from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, October 27th. ValuEngine raised shares of Huaneng Power International from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. CLSA raised shares of Huaneng Power International from a “sell” rating to an “outperform” rating in a research report on Monday, November 6th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Huaneng Power International in a research report on Tuesday, November 7th. Finally, Daiwa Capital Markets downgraded shares of Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Monday, November 27th.

Shares of Huaneng Power International (HNP) traded up $0.02 during trading hours on Thursday, reaching $24.81. 53,000 shares of the company’s stock traded hands, compared to its average volume of 72,615. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.33 and a quick ratio of 0.29. Huaneng Power International has a one year low of $24.40 and a one year high of $31.85. The firm has a market capitalization of $9,420.45, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 2.18 and a beta of 0.78.

Several hedge funds have recently added to or reduced their stakes in HNP. Morgan Stanley boosted its holdings in Huaneng Power International by 17.9% in the first quarter. Morgan Stanley now owns 63,246 shares of the utilities provider’s stock worth $1,684,000 after purchasing an additional 9,605 shares during the period. Bank of Montreal Can boosted its holdings in Huaneng Power International by 228.9% in the second quarter. Bank of Montreal Can now owns 34,296 shares of the utilities provider’s stock worth $953,000 after purchasing an additional 23,868 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Huaneng Power International in the second quarter worth $1,469,000. HPM Partners LLC boosted its holdings in Huaneng Power International by 206.2% in the second quarter. HPM Partners LLC now owns 27,512 shares of the utilities provider’s stock worth $1,109,000 after purchasing an additional 18,526 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Huaneng Power International by 12.3% in the second quarter. First Trust Advisors LP now owns 56,787 shares of the utilities provider’s stock worth $1,578,000 after purchasing an additional 6,241 shares during the period. 0.55% of the stock is owned by institutional investors and hedge funds.

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About Huaneng Power International

Analyst Recommendations for Huaneng Power International (NYSE:HNP)

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