A share price of Brookfield Renewable Partners LP [BEP] is currently trading at $24.81, up 0.40%. 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 lost -3.58% over the last week, with a monthly amount drifted -8.72%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Overweight on December 12, 2024, and kept the price target unchanged to $30. On September 30, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $31 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $25 on November 17, 2023. Raymond James upgraded its rating to Strong Buy for this stock on September 25, 2023, but kept the price target unchanged to $37.
Brookfield Renewable Partners LP experienced fluctuations in its stock price throughout the past year between $19.29 and $29.56. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Brookfield Renewable Partners LP [NYSE: BEP] shares were valued at $24.81 at the most recent close of the market. An investor can expect a potential return of 33.01% based on the average BEP price forecast.
Analyzing the BEP fundamentals
Trailing Twelve Months sales for Brookfield Renewable Partners LP [NYSE:BEP] were 6.09B which represents 15.67% growth. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.04 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.52.
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 24.58 points at the first support level, and at 24.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.99, and for the 2nd resistance point, it is at 25.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Brookfield Renewable Partners LP [NYSE:BEP] is 0.44. Further, the Quick Ratio stands at 0.43, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 2.12.
