TD Securities raised the price target for the Brookfield Renewable Partners L.P. (NYSE:BEP) stock to “a Buy”. The rating was released on October 18, 2022, according to finviz. The research report from TD Securities has downgraded the stock from Buy to Hold, with a price target set at $41. The stock was initiated by UBS, who disclosed in a research note on March 28, 2022, to Buy and set the price objective to $46. In their research brief published January 18, 2022, National Bank Financial analysts upgraded the Brookfield Renewable Partners L.P. stock from Sector Perform to Outperform with a price target of $38.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Brookfield Renewable Partners L.P. (NYSE:BEP) raised 0.03% to close Friday’s market session at $29.10, higher as compared to yesterday’s close. The stock price fluctuated between $28.58 and $29.13 throughout the trading session with the volume trading being 839316 shares, which represented a significant variation when compared to the three months average volume of 355.49K shares. The firm’s stock price fluctuated 5.74% within the last five trades and 4.53% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -24.32% in the last 6 months and 3.19% was added to its value over the previous 3 months. BEP stock is trading at a margin of 5.80%, 4.43% and -8.40% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, BEP deals in the Utilities domain. The stock is trading -30.63 percent below its 52-week high and 20.60 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -24.54. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Brookfield Renewable Partners L.P.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $8.01 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.69 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.35, which equates the market value of a stock with its book value.