Currently, Brookfield Renewable Partners LP [BEP] is trading at $28.37, up 9.79%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BEP shares have gain 8.08% over the last week, with a monthly amount glided 7.83%, and 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 September 30, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $31 from $24. Previously, UBS downgraded its rating to Neutral on November 17, 2023, and dropped its price target to $25. Raymond James upgraded its rating to a Strong Buy but stick to its price target of $37 on September 25, 2023. TD Securities upgraded its rating to Buy for this stock on May 09, 2022, but kept the price target unchanged to $41. In a note dated April 04, 2022, TD Securities downgraded an Hold rating on this stock but restated the target price of $41.
This stock has fluctuated between a low of $19.92 and a high of $28.81 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $35.22 within the next 12 months. Brookfield Renewable Partners LP [NYSE: BEP] shares were valued at $28.37 at the most recent close of the market. An investor can expect a potential return of 24.15% based on the average BEP price forecast.
Analyzing the BEP fundamentals
Trailing Twelve Months sales for Brookfield Renewable Partners LP [NYSE:BEP] were 6.27B which represents 70.01% growth. 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 26.75 points at the first support level, and at 25.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.19, and for the 2nd resistance point, it is at 30.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Brookfield Renewable Partners LP [NYSE:BEP] is 0.52. Further, the Quick Ratio stands at 0.51, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 1.73.
