Huaneng Power International, Inc. (HNP) Stock Rating Lowered by BidaskClub

Huaneng Power International, Inc. (NYSE:HNP) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday, June 30th.

Several other equities research analysts have also recently issued reports on HNP. HSBC Holdings plc upgraded shares of Huaneng Power International from a “reduce” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Huaneng Power International from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, June 14th. Macquarie upgraded shares of Huaneng Power International from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 23rd. ValuEngine cut shares of Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. raised shares of Huaneng Power International from a “sell” rating to a “buy” rating in a research note on Friday, May 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Huaneng Power International currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Shares of Huaneng Power International (NYSE:HNP) traded up 0.47% during trading on Friday, hitting $28.08. The stock had a trading volume of 47,786 shares. Huaneng Power International has a 52-week low of $23.46 and a 52-week high of $31.85. The firm has a market cap of $11.44 billion, a PE ratio of 16.33 and a beta of 0.72. The stock has a 50 day moving average of $28.44 and a 200 day moving average of $27.94.

ILLEGAL ACTIVITY WARNING: “Huaneng Power International, Inc. (HNP) Stock Rating Lowered by BidaskClub” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/07/29/huaneng-power-international-inc-hnp-stock-rating-lowered-by-bidaskclub-updated-updated-updated.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Credit Suisse AG raised its position in Huaneng Power International by 155.9% in the first quarter. Credit Suisse AG now owns 89,319 shares of the utilities provider’s stock valued at $2,379,000 after buying an additional 54,410 shares during the period. Karp Capital Management Corp bought a new position in shares of Huaneng Power International during the first quarter worth about $1,414,000. Bank of Montreal Can raised its position in shares of Huaneng Power International by 228.9% in the second quarter. Bank of Montreal Can now owns 34,296 shares of the utilities provider’s stock worth $953,000 after buying an additional 23,868 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Huaneng Power International by 45.2% in the first quarter. Parametric Portfolio Associates LLC now owns 55,673 shares of the utilities provider’s stock worth $1,483,000 after buying an additional 17,323 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Huaneng Power International by 36.2% in the first quarter. First Trust Advisors LP now owns 50,546 shares of the utilities provider’s stock worth $1,346,000 after buying an additional 13,447 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Huaneng Power International Company Profile

Receive News & Ratings for Huaneng Power International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huaneng Power International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply