Raymond James Reiterates Market Perform Rating for Brookfield Renewable Partners (NYSE:BEP)

Share on StockTwits

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP)‘s stock had its “market perform” rating reiterated by stock analysts at Raymond James in a report issued on Tuesday, BayStreet.CA reports. They presently have a $40.00 price target on the utilities provider’s stock. Raymond James’ price objective would suggest a potential downside of 10.75% from the stock’s previous close.

A number of other brokerages also recently weighed in on BEP. Royal Bank of Canada raised their target price on shares of Brookfield Renewable Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, September 30th. BMO Capital Markets set a $39.00 target price on shares of Brookfield Renewable Partners and gave the company a “hold” rating in a research note on Friday, September 27th. ValuEngine downgraded shares of Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. TD Securities downgraded shares of Brookfield Renewable Partners from a “buy” rating to a “hold” rating and raised their target price for the company from $43.00 to $45.00 in a research note on Tuesday. Finally, National Bank Financial raised their target price on shares of Brookfield Renewable Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, September 30th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Brookfield Renewable Partners has an average rating of “Hold” and a consensus price target of $42.11.

BEP stock traded up $0.39 during trading on Tuesday, reaching $44.82. The company had a trading volume of 230,431 shares, compared to its average volume of 211,106. Brookfield Renewable Partners has a 52 week low of $24.51 and a 52 week high of $44.95. The company has a market cap of $7.94 billion, a P/E ratio of 344.77 and a beta of 0.48. The business has a 50 day moving average of $42.01 and a 200 day moving average of $36.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its earnings results on Monday, November 11th. The utilities provider reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.18). Brookfield Renewable Partners had a net margin of 9.26% and a return on equity of 1.72%. The business had revenue of $642.00 million for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in BEP. AE Wealth Management LLC grew its holdings in shares of Brookfield Renewable Partners by 1.7% during the third quarter. AE Wealth Management LLC now owns 18,728 shares of the utilities provider’s stock valued at $761,000 after buying an additional 306 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Brookfield Renewable Partners by 56.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,097 shares of the utilities provider’s stock valued at $38,000 after buying an additional 396 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Brookfield Renewable Partners by 1.1% during the second quarter. Northern Trust Corp now owns 49,751 shares of the utilities provider’s stock valued at $1,721,000 after buying an additional 559 shares during the last quarter. Usca Ria LLC purchased a new stake in shares of Brookfield Renewable Partners during the third quarter valued at approximately $30,000. Finally, Coastal Investment Advisors Inc. purchased a new stake in shares of Brookfield Renewable Partners during the third quarter valued at approximately $32,000. 54.47% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Partners Company Profile

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.

Featured Article: What are the benefits of investing in REITs?

Analyst Recommendations for Brookfield Renewable Partners (NYSE:BEP)

Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Analysts Set $33.00 Target Price for SpringWorks Therapeutics
Analysts Set $33.00 Target Price for SpringWorks Therapeutics
Ardelyx Inc  Given Consensus Rating of “Hold” by Analysts
Ardelyx Inc Given Consensus Rating of “Hold” by Analysts
Western Midstream Partners LP  Receives $32.25 Consensus Price Target from Analysts
Western Midstream Partners LP Receives $32.25 Consensus Price Target from Analysts
SL Green Realty Corp  Receives $93.85 Average Price Target from Brokerages
SL Green Realty Corp Receives $93.85 Average Price Target from Brokerages
HC Wainwright Reaffirms Buy Rating for Y-mAbs Therapeutics
HC Wainwright Reaffirms Buy Rating for Y-mAbs Therapeutics
Analysts Set SS&C Technologies Holdings, Inc.  Price Target at $65.91
Analysts Set SS&C Technologies Holdings, Inc. Price Target at $65.91


© 2006-2019 Ticker Report