Brookfield Renewable Partners LP [BEP] stock is trading at $24.35, up 4.51%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BEP shares have gain 2.92% over the last week, with a monthly amount drifted -3.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Brookfield Renewable Partners LP [NYSE: BEP] stock has seen the most recent analyst activity on November 17, 2023, when UBS downgraded its rating to a Neutral and also revised its price target to $25 from $34. On September 25, 2023, upgrade upgraded it’s rating to Strong Buy but maintained its price target of $37 on the stock. TD Securities upgraded its rating to a Buy but $41 remained the price target by the analyst firm on May 09, 2022. TD Securities downgraded its rating to Hold for this stock on April 04, 2022, but kept the price target unchanged to $41. In a note dated March 28, 2022, UBS initiated an Buy rating and provided a target price of $46 on this stock.
Brookfield Renewable Partners LP [BEP] stock has fluctuated between $19.92 and $28.81 over the past year. Currently, Wall Street analysts expect the stock to reach $37.12 within the next 12 months. Brookfield Renewable Partners LP [NYSE: BEP] shares were valued at $24.35 at the most recent close of the market. An investor can expect a potential return of 52.44% based on the average BEP price forecast.
Analyzing the BEP fundamentals
Brookfield Renewable Partners LP [NYSE:BEP] reported sales of 5.76B for the trailing twelve months, which represents a growth of 70.01%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.03 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.36.
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 23.54 points at the first support level, and at 22.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.79, and for the 2nd resistance point, it is at 25.24.
Ratios To Look Out For
For context, Brookfield Renewable Partners LP’s Current Ratio is 0.52. In addition, the Quick Ratio stands at 0.51 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 1.49.
