The stock price of Brookfield Renewable Partners LP (NYSE: BEP) has plunged by -1.76 when compared to previous closing price of 24.93, but the company has seen a 0.45% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-01 that Dividend stocks have rebounded sharply recently. However, some high-quality high-yield stocks remain market laggards. We share some of our top picks of the moment.
Is It Worth Investing in Brookfield Renewable Partners LP (NYSE: BEP) Right Now?
The 36-month beta value for BEP is also noteworthy at 0.99. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BEP is 277.32M, and at present, short sellers hold a 0.68% of that float. The average trading volume of BEP on September 02, 2024 was 427.29K shares.
BEP’s Market Performance
The stock of Brookfield Renewable Partners LP (BEP) has seen a 0.45% increase in the past week, with a 1.24% rise in the past month, and a -12.13% fall in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 3.06% for BEP. The simple moving average for the past 20 days is 0.50% for BEP’s stock, with a -1.11% simple moving average for the past 200 days.
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 -1.23% 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 -14.99% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares surge +1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.85% lower at present.
During the last 5 trading sessions, BEP rose by +0.45%, which changed the moving average for the period of 200-days by +11.47% in comparison to the 20-day moving average, which settled at $24.39. In addition, Brookfield Renewable Partners LP saw -6.81% 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:
- 0.18 for the present operating margin
- 0.28 for the gross margin
The net margin for Brookfield Renewable Partners LP stands at -0.02. The total capital return value is set at 0.02. Equity return is now at value -3.53, with -0.22 for asset returns.
Based on Brookfield Renewable Partners LP (BEP), the company’s capital structure generated 0.88 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 7.36. The interest coverage ratio of the stock is 0.55.
Currently, EBITDA for the company is 2.83 billion with net debt to EBITDA at 9.44. When we switch over and look at the enterprise to sales, we see a ratio of 8.16. The receivables turnover for the company is 3.66for 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 0.52.
Conclusion
In summary, Brookfield Renewable Partners LP (BEP) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
