Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Expected to Rise, Desjardins Analyst Says

Key Points

• Desjardins raised its price target on Brookfield Renewable from C$45.00 to C$48.00 while keeping a "hold" rating, implying about a 3.34% upside from the current share price.
• Shares traded at C$46.45 (up ~0.3%); the company reported C$0.74 EPS for the quarter but showed a negative net margin of 4.2% and high leverage with a debt-to-equity ratio of 107.8, highlighting profitability and balance-sheet risks despite a C$14.21 billion market cap.

Brookfield Renewable Partners (TSE:BEP.UN - Get Free Report) NYSE: BEP had its price objective hoisted by research analysts at Desjardins from C$45.00 to C$48.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' target price suggests a potential upside of 3.34% from the stock's current price.

Brookfield Renewable Partners Trading Up 0.3%

Shares of TSE:BEP.UN traded up C$0.16 during midday trading on Friday, reaching C$46.45. The company had a trading volume of 102,874 shares, compared to its average volume of 320,318. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. Brookfield Renewable Partners has a 1-year low of C$30.64 and a 1-year high of C$49.31. The firm has a market cap of C$14.21 billion, a price-to-earnings ratio of -185.80, a price-to-earnings-growth ratio of 8.53 and a beta of 0.94. The company has a fifty day simple moving average of C$44.27 and a two-hundred day simple moving average of C$41.26.

Brookfield Renewable Partners (TSE:BEP.UN - Get Free Report) NYSE: BEP last released its quarterly earnings results on Friday, January 30th. The company reported C$0.74 earnings per share for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.The business had revenue of C($371.30) million during the quarter. Research analysts predict that Brookfield Renewable Partners will post 0.1012093 earnings per share for the current year.

Brookfield Renewable Partners Company Profile

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.

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