The stock of Brookfield Renewable Partners LP (BEP) has gone down by -3.90% for the week, with a -9.80% drop in the past month and a 14.33% rise in the past quarter. The volatility ratio for the week is 2.98%, and the volatility levels for the past 30 days are 2.90% for BEP. The simple moving average for the past 20 days is -7.44% for BEP’s stock, with a 3.32% simple moving average for the past 200 days.
Is It Worth Investing in Brookfield Renewable Partners LP (NYSE: BEP) Right Now?
Company’s 36-month beta value is 0.97.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for BEP is 277.32M, and currently, short sellers hold a 0.77% ratio of that floaft. The average trading volume of BEP on June 19, 2024 was 566.90K shares.
BEP) stock’s latest price update
Brookfield Renewable Partners LP (NYSE: BEP) has experienced a rise in its stock price by 0.76 compared to its previous closing price of 24.94. However, the company has seen a fall of -3.90% in its stock price over the last five trading days. fool.com reported 2024-06-18 that Brookfield Renewable has grown its earnings and dividend briskly over the years. It has plenty of power to continue growing rapidly.
Analysts’ Opinion of BEP
Many brokerage firms have already submitted their reports for BEP stocks, with UBS repeating the rating for BEP by listing it as a “Neutral.” The predicted price for BEP in the upcoming period, according to UBS is $25 based on the research report published on November 17, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see BEP reach a price target of $29. The rating they have provided for BEP stocks is “Outperform” according to the report published on November 13th, 2023.
Raymond James gave a rating of “Strong Buy” to BEP, setting the target price at $37 in the report published on September 25th of the previous year.
BEP Trading at 0.36% from the 50-Day Moving Average
After a stumble in the market that brought BEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.12% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares sank -9.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.83% upper at present.
During the last 5 trading sessions, BEP fell by -3.90%, which changed the moving average for the period of 200-days by -1.14% in comparison to the 20-day moving average, which settled at $27.02. In addition, Brookfield Renewable Partners LP saw -4.38% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BEP
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.38 for the gross margin
The net margin for Brookfield Renewable Partners LP stands at -0.01. The total capital return value is set at 0.02. Equity return is now at value -1.94, with -0.13 for asset returns.
Based on Brookfield Renewable Partners LP (BEP), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 6.51. The interest coverage ratio of the stock is 0.67.
Currently, EBITDA for the company is 2.83 billion with net debt to EBITDA at 8.9. When we switch over and look at the enterprise to sales, we see a ratio of 6.67. The receivables turnover for the company is 3.71for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
In a nutshell, Brookfield Renewable Partners LP (BEP) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
