Exane BNP Paribas has recently initiated Brookfield Renewable Corp (BEPC) stock to Outperform rating, as announced on October 20, 2023, according to Finviz. Earlier, on December 9, 2021, JP Morgan had raised the stock from a Neutral to Overweight, setting a price target of $52. Wells Fargo also raised Overweight rating with a price target of $53. Additionally, JP Morgan initiated Neutral rating on March 31, 2021. Wells Fargo analysts, in their report published on January 6, 2021, also reduced Underweight rating for Brookfield Renewable Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Brookfield Renewable Corp (BEPC) Stock Trading Recap
On Tuesday, Brookfield Renewable Corp (BEPC) stock saw a decline, ending the day at $34.29 which represents a decrease of $-0.55 or -1.58% from the prior close of $34.84. The stock opened at $34.61 and touched a low of $33.71 during the day, reaching a high of $34.8. The volume of shares traded was 2.14 million exceeding the average volume of 0.86 million.
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BEPC Stock Performance and Moving Averages
In recent trading, Brookfield Renewable Corp (BEPC) stock price has shown some volatility, fluctuating 14.87% over the last five trades and 10.51% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 45.79%, and it has gained 20.27% in the previous three months. Currently, BEPC is trading at 7.58%, 13.94%, and 22.32% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BEPC, a Utilities sector stock, is trading -2.28% below its 52-week high but remains 60.61% above its 52-week low. The Average True Range (ATR) (14 days) of 1.01 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Brookfield Renewable Corp’s Profitability and Valuation Ratios
Brookfield Renewable Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 22.31% and a profit margin of 19.28%, with a gross margin of 45.79%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Brookfield Renewable Corp’s market capitalization stands at $12.83 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 13.47, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 1714.5. Additionally, the Price-to-Sales Ratio is 2.66, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.32, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.00% of Brookfield Renewable Corp (BEPC)’s shares, while financial institutions hold 36.95%.
