A share price of NextEra Energy Partners LP [NEP] is currently trading at $20.67, up 2.38%. 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 7.27% over the last week, with a monthly amount drifted -18.56%, 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 October 28, 2024, when Guggenheim downgraded its rating to a Neutral and also revised its price target to $22 from $37. Previously, JP Morgan upgraded its rating to Neutral on October 24, 2024, and dropped its price target to $22. On October 01, 2024, Exane BNP Paribas initiated with a Underperform rating and assigned a price target of $15 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $28 on September 19, 2024. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $20 on July 31, 2024. Wolfe Research downgraded its rating to Peer Perform for this stock on July 25, 2024. In a note dated July 09, 2024, Raymond James downgraded an Mkt Perform rating on this stock.
NextEra Energy Partners LP experienced fluctuations in its stock price throughout the past year between $19.03 and $35.15. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $20.67 at the most recent close of the market. An investor can expect a potential return of 122.54% based on the average NEP price forecast.
Analyzing the NEP fundamentals
Trailing Twelve Months sales for NextEra Energy Partners LP [NYSE:NEP] were 1.15B which represents -12.98% decline. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
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 20.10 points at the first support level, and at 19.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.03, and for the 2nd resistance point, it is at 21.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NextEra Energy Partners LP [NYSE:NEP] is 2.02. Also, the Quick Ratio is 1.78, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 3.36, the price to book ratio is 0.57 and price to earnings (TTM) ratio is 9.47.
