Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) announced its earnings results on Monday. The utilities provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.18), Fidelity Earnings reports. Brookfield Renewable Partners had a net margin of 9.26% and a return on equity of 1.70%. The business had revenue of $642.00 million during the quarter.
NYSE:BEP opened at $44.38 on Thursday. Brookfield Renewable Partners has a 1 year low of $24.51 and a 1 year high of $44.49. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 341.38 and a beta of 0.48. The business has a fifty day moving average of $41.78 and a 200-day moving average of $36.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 0.94.
A number of equities research analysts have recently weighed in on BEP shares. TD Securities downgraded Brookfield Renewable Partners from a “buy” rating to a “hold” rating and boosted their price target for the company from $43.00 to $45.00 in a report on Tuesday. Barclays boosted their price target on Brookfield Renewable Partners from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, September 30th. National Bank Financial boosted their price target on Brookfield Renewable Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, September 30th. Credit Suisse Group downgraded Brookfield Renewable Partners from an “outperform” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, Raymond James reiterated a “market perform” rating and issued a $40.00 price target on shares of Brookfield Renewable Partners in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.11.
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity.
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