At the time of writing, Brookfield Renewable Partners LP [BEP] stock is trading at $26.34, up 2.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BEP shares have gain 5.44% over the last week, with a monthly amount glided 1.19%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Brookfield Renewable Partners LP fluctuated between $19.92 and $29.56. Currently, Wall Street analysts expect the stock to reach $35.33 within the next 12 months. Brookfield Renewable Partners LP [NYSE: BEP] shares were valued at $26.34 at the most recent close of the market. An investor can expect a potential return of 34.13% based on the average BEP price forecast.
Analyzing the BEP fundamentals
According to Brookfield Renewable Partners LP [NYSE:BEP], the company’s sales were 7.15B for trailing twelve months, which represents an 76.86% jump. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.05 and Total Capital is 0.01.
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 25.86 points at the first support level, and at 25.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.73, and for the 2nd resistance point, it is at 27.12.
Ratios To Look Out For
It is important to note that Brookfield Renewable Partners LP [NYSE:BEP] has a current ratio of 0.73. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.06, the price to book ratio is 1.72.
