At the time of writing, NextEra Energy Partners LP [NEP] stock is trading at $25.25, up 2.56%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEP shares have gain 1.86% over the last week, with a monthly amount glided 4.55%, and 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 31, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $20 from $31. Previously, Wolfe Research downgraded its rating to Peer Perform on July 25, 2024. On July 09, 2024, downgrade downgraded it’s rating to Mkt Perform. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $30 on July 01, 2024. Barclays downgraded its rating to a Underweight and reduced its price target to $25 on June 13, 2024. Mizuho downgraded its rating to Neutral for this stock on June 12, 2024, but kept the price target unchanged to $33. In a note dated May 23, 2024, JP Morgan downgraded an Underweight rating on this stock but restated the target price of $25.
For the past year, the stock price of NextEra Energy Partners LP fluctuated between $20.17 and $51.28. Currently, Wall Street analysts expect the stock to reach $52.63 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $25.25 at the most recent close of the market. An investor can expect a potential return of 108.44% based on the average NEP price forecast.
Analyzing the NEP fundamentals
According to NextEra Energy Partners LP [NYSE:NEP], the company’s sales were 1.20B for trailing twelve months, which represents an -3.08% plunge. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.63.
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 24.84 points at the first support level, and at 24.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.51, and for the 2nd resistance point, it is at 25.77.
Ratios To Look Out For
It is important to note that NextEra Energy Partners LP [NYSE:NEP] has a current ratio of 1.30. On the other hand, the Quick Ratio is 1.22, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.97, the price to book ratio is 0.67 and price to earnings (TTM) ratio is 7.94.
