At the time of writing, NextEra Energy Partners LP [NEP] stock is trading at $18.72, up 0.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEP shares have gain 7.71% over the last week, with a monthly amount glided 4.00%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of NextEra Energy Partners LP fluctuated between $15.55 and $35.15. Currently, Wall Street analysts expect the stock to reach $26.6 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $18.72 at the most recent close of the market. An investor can expect a potential return of 42.09% based on the average NEP price forecast.
Analyzing the NEP fundamentals
According to NextEra Energy Partners LP [NYSE:NEP], the company’s sales were 1.15B for trailing twelve months, which represents an -12.98% plunge. 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 18.52 points at the first support level, and at 18.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.96, and for the 2nd resistance point, it is at 19.19.
Ratios To Look Out For
It is important to note that NextEra Energy Partners LP [NYSE:NEP] has a current ratio of 2.02. On the other hand, the Quick Ratio is 1.78, and the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 3.13, the price to book ratio is 0.51 and price to earnings (TTM) ratio is 8.57.
