A share price of NextEra Energy Partners LP [NEP] is currently trading at $27.64, down -1.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEP shares have gain 5.46% over the last week, with a monthly amount drifted -1.11%, 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.
NextEra Energy Partners LP experienced fluctuations in its stock price throughout the past year 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 $27.64 at the most recent close of the market. An investor can expect a potential return of 137.23% based on the average NEP price forecast.
Analyzing the NEP fundamentals
Trailing Twelve Months sales for NextEra Energy Partners LP [NYSE:NEP] were 1.21B which represents -15.18% decline. 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 27.34 points at the first support level, and at 27.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.01, and for the 2nd resistance point, it is at 28.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NextEra Energy Partners LP [NYSE:NEP] is 1.36. On the other hand, the Quick Ratio is 1.31, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 0.73 and price to earnings (TTM) ratio is 9.07.
