Huaneng Power International Inc (HNP) Receives Average Rating of “Hold” from Brokerages

Shares of Huaneng Power International Inc (NYSE:HNP) have been assigned an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company.

Several analysts recently issued reports on HNP shares. Zacks Investment Research raised Huaneng Power International from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, October 27th. CLSA raised Huaneng Power International from a “sell” rating to an “outperform” rating in a report on Monday, November 6th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Huaneng Power International in a report on Tuesday, November 7th. Finally, Daiwa Capital Markets downgraded Huaneng Power International from a “hold” rating to a “sell” rating in a report on Monday, November 27th.

Huaneng Power International (NYSE HNP) traded down $0.14 during trading hours on Friday, reaching $25.04. The company’s stock had a trading volume of 37,965 shares, compared to its average volume of 83,502. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.29. Huaneng Power International has a 52 week low of $24.40 and a 52 week high of $31.85. The company has a market cap of $9,789.06 and a P/E ratio of 36.33.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of Huaneng Power International during the 2nd quarter valued at $102,000. FDx Advisors Inc. acquired a new stake in shares of Huaneng Power International in the third quarter worth $224,000. Northern Trust Corp boosted its position in shares of Huaneng Power International by 8.8% in the second quarter. Northern Trust Corp now owns 8,805 shares of the utilities provider’s stock worth $244,000 after buying an additional 710 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Huaneng Power International by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 9,133 shares of the utilities provider’s stock worth $263,000 after buying an additional 124 shares during the period. Finally, Profund Advisors LLC boosted its position in shares of Huaneng Power International by 26.1% in the second quarter. Profund Advisors LLC now owns 9,752 shares of the utilities provider’s stock worth $271,000 after buying an additional 2,017 shares during the period. Hedge funds and other institutional investors own 0.55% of the company’s stock.

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Huaneng Power International Company Profile

HUANENG POWER INTERNATIONAL,INC. is a China-based company principally engaged in the development, construction, operation and management of power plants. The Company mainly operates through the generation and sale of electric power. The Company also provides supply of heat. The Company operates its business both in domestic market and to overseas market.

Analyst Recommendations for Huaneng Power International (NYSE:HNP)

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