NextEra Energy Partners LP (NEP) stock shows 52-week fluctuation between $20.17 and $59.90

At the time of writing, NextEra Energy Partners LP [NEP] stock is trading at $25.99, down -2.84%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NEP shares have gain 3.09% over the last week, with a monthly amount drifted -21.05%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

NextEra Energy Partners LP [NYSE: NEP] stock has seen the most recent analyst activity on July 09, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on July 01, 2024, and dropped its price target to $30. On June 13, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $25 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $33 on June 12, 2024. JP Morgan downgraded its rating to a Underweight but $25 remained the price target by the analyst firm on May 23, 2024. Barclays started tracking with a Equal Weight rating for this stock on April 10, 2024, and assigned it a price target of $32. In a note dated February 13, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $43 on this stock.

For the past year, the stock price of NextEra Energy Partners LP fluctuated between $20.17 and $59.90. Currently, Wall Street analysts expect the stock to reach $65.57 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $25.99 at the most recent close of the market. An investor can expect a potential return of 152.29% based on the average NEP price forecast.

Analyzing the NEP fundamentals

According to NextEra Energy Partners LP [NYSE:NEP], the company’s sales were 1.21B for trailing twelve months, which represents an -15.18% plunge. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.77.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.78 points at the first support level, and at 25.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.39, and for the 2nd resistance point, it is at 26.80.

Ratios To Look Out For

It is important to note that NextEra Energy Partners LP [NYSE:NEP] has a current ratio of 1.36. Further, the Quick Ratio stands at 1.31, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.01, the price to book ratio is 0.68 and price to earnings (TTM) ratio is 8.53.

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