Currently, NextEra Energy Partners LP [NEP] is trading at $17.50, down -0.85%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NEP shares have lost -2.40% over the last week, with a monthly amount glided 9.17%, 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 December 02, 2024, when Morgan Stanley upgraded its rating to a Overweight. Previously, Guggenheim downgraded its rating to Neutral on October 28, 2024, and dropped its price target to $22. On October 24, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $22 on the stock. Exane BNP Paribas started tracking the stock assigning a Underperform rating and suggested a price target of $15 on October 01, 2024. Jefferies initiated its recommendation with a Buy and recommended $28 as its price target on September 19, 2024. Morgan Stanley downgraded its rating to Underweight for this stock on July 31, 2024, and downed its price target to $20. In a note dated July 25, 2024, Wolfe Research downgraded an Peer Perform rating on this stock.
This stock has fluctuated between a low of $15.55 and a high of $35.15 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $27.17 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $17.50 at the most recent close of the market. An investor can expect a potential return of 55.26% 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 0.06 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
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 17.14 points at the first support level, and at 16.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.09, and for the 2nd resistance point, it is at 18.68.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NextEra Energy Partners LP [NYSE:NEP] is 2.02. As well, the Quick Ratio is 1.78, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 2.85, the price to book ratio is 0.48 and price to earnings (TTM) ratio is 8.02.
