Brookfield Renewable Partners (TSE:BEP.UN – Get Free Report) (NYSE:BEP) was upgraded by equities researchers at Desjardins from a “hold” rating to a “buy” rating in a research note issued on Thursday, BayStreet reports. The brokerage currently has a C$49.00 price target on the stock. Desjardins‘s target price would suggest a potential upside of 11.54% from the stock’s current price.
Brookfield Renewable Partners Price Performance
Shares of BEP.UN stock traded up C$0.94 during trading hours on Thursday, reaching C$43.93. The company’s stock had a trading volume of 440,549 shares, compared to its average volume of 348,622. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80. Brookfield Renewable Partners has a fifty-two week low of C$36.64 and a fifty-two week high of C$52.86. The company has a market capitalization of C$13.30 billion, a price-to-earnings ratio of -99.84, a PEG ratio of 8.53 and a beta of 1.07. The firm’s 50 day simple moving average is C$41.40 and its 200-day simple moving average is C$44.55.
Brookfield Renewable Partners (TSE:BEP.UN – Get Free Report) (NYSE:BEP) last released its quarterly earnings data on Wednesday, November 4th. The company reported C($0.74) earnings per share (EPS) for the quarter. The company had revenue of C$2.64 billion for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. Sell-side analysts forecast that Brookfield Renewable Partners will post 0.10 earnings per share for the current year.
About Brookfield Renewable Partners
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.
Featured Articles
- Five stocks we like better than Brookfield Renewable Partners
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
- Airbnb Defied a Brutal Tech Sell-Off, But Can Its Post-Earnings Rally Last?
- MarketBeat Week in Review – 11/2 – 11/6
Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with MarketBeat.com's FREE daily email newsletter.
