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.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
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.