NextEra Energy Partners LP [NEP] stock is trading at $26.43, up 3.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NEP shares have gain 6.02% over the last week, with a monthly amount glided 4.01%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
NextEra Energy Partners LP [NYSE: NEP] stock has seen the most recent analyst activity on October 01, 2024, when Exane BNP Paribas initiated its Underperform rating and assigned the stock a price target of $15. Previously, Jefferies started tracking the stock with Buy rating on September 19, 2024, and set its price target to $28. On July 31, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $20 on the stock. Wolfe Research downgraded its rating to a Peer Perform. Raymond James downgraded its rating to a Mkt Perform. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on July 01, 2024, and downed its price target to $30. In a note dated June 13, 2024, Barclays downgraded an Underweight rating on this stock and revised its target price from $32 to $25.
NextEra Energy Partners LP [NEP] stock has fluctuated between $21.57 and $35.15 over the past year. Currently, Wall Street analysts expect the stock to reach $47.6 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $26.43 at the most recent close of the market. An investor can expect a potential return of 80.1% based on the average NEP price forecast.
Analyzing the NEP fundamentals
NextEra Energy Partners LP [NYSE:NEP] reported sales of 1.20B for the trailing twelve months, which represents a drop of -3.08%. 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 25.94 points at the first support level, and at 25.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.70, and for the 2nd resistance point, it is at 26.96.
Ratios To Look Out For
For context, NextEra Energy Partners LP’s Current Ratio is 1.30. Also, the Quick Ratio is 1.22, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 0.70 and price to earnings (TTM) ratio is 8.32.
