Log in

Huaneng Power International Inc ADR Class N (NYSE:HNP) Lowered to "Hold" at Zacks Investment Research

Posted on Wednesday, June 3rd, 2020 by MarketBeat

Huaneng Power International Inc ADR Class N (NYSE:HNP) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, "Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. "

Several other brokerages also recently weighed in on HNP. CLSA downgraded Huaneng Power International Inc ADR Class N from an "outperform" rating to an "underperform" rating in a research report on Wednesday, April 1st. ValuEngine downgraded Huaneng Power International Inc ADR Class N from a "hold" rating to a "sell" rating in a research report on Friday, May 1st. Citigroup downgraded Huaneng Power International Inc ADR Class N from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 18th. Finally, Daiwa Capital Markets downgraded Huaneng Power International Inc ADR Class N from an "outperform" rating to a "neutral" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of "Hold" and an average target price of $17.00.

NYSE:HNP opened at $15.47 on Wednesday. The business has a 50 day moving average of $14.41 and a 200 day moving average of $17.10. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of -154.70, a PEG ratio of 0.68 and a beta of 0.74. Huaneng Power International Inc ADR Class N has a 1-year low of $11.69 and a 1-year high of $25.84. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.46 and a quick ratio of 0.40.

Huaneng Power International Inc ADR Class N (NYSE:HNP) last announced its quarterly earnings data on Tuesday, April 21st. The utilities provider reported $0.80 earnings per share for the quarter. Huaneng Power International Inc ADR Class N had a return on equity of 0.05% and a net margin of 0.04%. The firm had revenue of $5.70 billion during the quarter. As a group, sell-side analysts anticipate that Huaneng Power International Inc ADR Class N will post 1.68 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its holdings in shares of Huaneng Power International Inc ADR Class N by 86.3% during the first quarter. Aperio Group LLC now owns 71,267 shares of the utilities provider's stock valued at $1,026,000 after acquiring an additional 33,013 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Huaneng Power International Inc ADR Class N by 51.9% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the utilities provider's stock valued at $152,000 after acquiring an additional 2,582 shares in the last quarter. Jane Street Group LLC grew its stake in Huaneng Power International Inc ADR Class N by 275.1% in the fourth quarter. Jane Street Group LLC now owns 66,336 shares of the utilities provider's stock worth $1,342,000 after purchasing an additional 48,649 shares during the period. Morgan Stanley grew its stake in Huaneng Power International Inc ADR Class N by 8.7% in the first quarter. Morgan Stanley now owns 11,597 shares of the utilities provider's stock worth $167,000 after purchasing an additional 924 shares during the period. Finally, State Street Corp grew its stake in Huaneng Power International Inc ADR Class N by 11.7% in the first quarter. State Street Corp now owns 22,502 shares of the utilities provider's stock worth $324,000 after purchasing an additional 2,352 shares during the period. Institutional investors own 0.29% of the company's stock.

About Huaneng Power International Inc ADR Class N

Huaneng Power International, Inc, through its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

Recommended Story: Investing in Growth Stocks

Get a free copy of the Zacks research report on Huaneng Power International Inc ADR Class N (HNP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Huaneng Power International Inc ADR Class N (NYSE:HNP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Top Ten Brokerages You Can Trust

There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 175,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it's difficult to separate the signal from the noise when interpreting this data would be an understatement.

MarketBeat has developed a system to track each brokerage and research house's stock recommendations and score them based on their past performance. If Goldman Sachs predicted that Apple's stock price was going to hit $150.00 on a specific date, how accurate were they? If Bank of America issued a "strong buy" rating on a stock, how did that stock perform compared to the broader market over the following twelve months. This tracking system has been applied to the 650,000+ ratings that MarketBeat has tracked during the last five years to identify which brokerages you can really trust (and which you can safely ignore).

This slide show lists the 10 brokerages who have issued the most accurate analyst recommendations over the past several years, as measured by the performance of their "buy" ratings and the accuracy of their price targets.

View the "Top Ten Brokerages You Can Trust".

30 Days of MarketBeat All Access for $1.00

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

  • Best-in-Class Portfolio Monitoring

    View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

  • Stock Ideas and Recommendations

    Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

  • Advanced Stock Screeners and Research Tools

    Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.