Zacks lowered shares of NRG Yield (NASDAQ:NYLD) from an outperform rating to a neutral rating in a report released on Thursday, AnalystRatings.NET reports. Zacks currently has $39.80 price objective on the stock.
Zacks has also taken action a number of other stocks recently. The firm reiterated its neutral rating on shares of Canadian National Railway. They have a $58.00 price target on that stock. Also, Zacks reiterated its neutral rating on shares of Core Labs. They have a $198.00 price target on that stock. Finally, Zacks upgraded shares of Prudential Public from a neutral rating to an outperform rating. Zacks now has a $44.20 price target on that stock.
Shares of NRG Yield (NASDAQ:NYLD) opened at 38.23 on Thursday. NRG Yield has a 1-year low of $26.50 and a 1-year high of $38.84. The stock’s 50-day moving average is $35.31 and its 200-day moving average is $31.36. The company has a market cap of $860.6 million and a P/E ratio of 23.91.
NRG Yield (NASDAQ:NYLD) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $95.00 million for the quarter, compared to the consensus estimate of $79.74 million. Analysts expect that NRG Yield will post $1.17 EPS for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 27th.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of NRG Yield from $29.00 to $36.00 in a research note to investors on Thursday. They now have a neutral rating on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of NRG Yield from a neutral rating to a buy rating in a research note to investors on Tuesday, October 22nd. They now have a $41.00 price target on the stock, up previously from $30.00. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $35.63.
NRG Yield, Inc serve as the primary vehicle, through which NRG Energy, Inc will own, operate and acquire contracted renewable and conventional generation and thermal infrastructure assets.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.