The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Brookfield Renewable Partners LP (NYSE: BEP) closed at $28.07 down -2.20% from its previous closing price of $28.7. In other words, the price has decreased by -$2.20 from its previous closing price. On the day, 0.58 million shares were traded. BEP stock price reached its highest trading level at $28.3935 during the session, while it also had its lowest trading level at $27.765.
Ratios:
For a deeper understanding of Brookfield Renewable Partners LP’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.58. In the meantime, Its Debt-to-Equity ratio is 9.55 whereas as Long-Term Debt/Eq ratio is at 7.75.
On December 12, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $30. UBS Upgraded its Neutral to Buy on September 30, 2024, whereas the target price for the stock was revised from $24 to $31.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BEP now has a Market Capitalization of 18469974016 and an Enterprise Value of 77322616832. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 2.54. Its current Enterprise Value per Revenue stands at 12.273 whereas that against EBITDA is 23.495.
Stock Price History:
The Beta on a monthly basis for BEP is 1.09, which has changed by 0.09648442 over the last 52 weeks, in comparison to a change of 0.12607694 over the same period for the S&P500. Over the past 52 weeks, BEP has reached a high of $32.72, while it has fallen to a 52-week low of $19.29. The 50-Day Moving Average of the stock is -1.15%, while the 200-Day Moving Average is calculated to be 11.05%.
Shares Statistics:
For the past three months, BEP has traded an average of 794.25K shares per day and 1396580 over the past ten days. A total of 283.90M shares are outstanding, with a floating share count of 216.09M. Insiders hold about 27.72% of the company’s shares, while institutions hold 35.08% stake in the company. Shares short for BEP as of 1763078400 were 1551579 with a Short Ratio of 1.95, compared to 1760486400 on 1784597. Therefore, it implies a Short% of Shares Outstanding of 1551579 and a Short% of Float of 0.69.
Dividends & Splits
According to the company, the forward annual dividend rate for BEP is 1.85, from 1.469 in the trailing year. Against a Trailing Annual Dividend Yield of 0.051184665. The stock’s 5-year Average Dividend Yield is 4.61.
Earnings Estimates
The stock of Brookfield Renewable Partners LP (BEP) is currently being evaluated by 5.0 analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is -$0.28, with high estimates of $0.16 and low estimates of -$0.65.
Analysts are recommending an EPS of between $0.49 and -$2.07 for the fiscal current year, implying an average EPS of -$1.0. EPS for the following year is -$0.77, with 6.0 analysts recommending between $1.53 and -$2.43.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $1.61B this quarter.It ranges from a high estimate of $1.82B to a low estimate of $1.46B. As of. The current estimate, Brookfield Renewable Partners LP’s year-ago sales were $1.43BFor the next quarter, 3 analysts are estimating revenue of $2.03B. There is a high estimate of $2.03B for the next quarter, whereas the lowest estimate is $2.03B.
A total of 7 analysts have provided revenue estimates for BEP’s current fiscal year. The highest revenue estimate was $6.99B, while the lowest revenue estimate was $6.33B, resulting in an average revenue estimate of $6.54B. In the same quarter a year ago, actual revenue was $5.88BBased on 8 analysts’ estimates, the company’s revenue will be $7.24B in the next fiscal year. The high estimate is $8.12B and the low estimate is $6.56B.
