A share price of Brookfield Renewable Partners LP [BEP] is currently trading at $20.65, down -0.48%. 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 3.10% over the last week, with a monthly amount drifted -10.68%, and not 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 December 12, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $30 for it. Previously, UBS upgraded its rating to Buy on September 30, 2024, and elevated its price target to $31. On November 17, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $25 on the stock. Raymond James upgraded its rating to a Strong Buy but $37 remained the price target by the analyst firm on September 25, 2023. In a note dated May 09, 2022, TD Securities upgraded an Buy rating on this stock but restated the target price of $41.
Brookfield Renewable Partners LP experienced fluctuations in its stock price throughout the past year between $19.92 and $29.56. Currently, Wall Street analysts expect the stock to reach $29.67 within the next 12 months. Brookfield Renewable Partners LP [NYSE: BEP] shares were valued at $20.65 at the most recent close of the market. An investor can expect a potential return of 43.68% based on the average BEP price forecast.
Analyzing the BEP fundamentals
Trailing Twelve Months sales for Brookfield Renewable Partners LP [NYSE:BEP] were 7.57B which represents 76.86% growth. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.17%, 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 20.40 points at the first support level, and at 20.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.94, and for the 2nd resistance point, it is at 21.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Brookfield Renewable Partners LP [NYSE:BEP] is 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 0.78, the price to book ratio is 1.34.
