Brookfield Renewable Partners (TSE:BEP.UN) Raised to “Buy” at Desjardins

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) was upgraded by research analysts at Desjardins from a “hold” rating to a “buy” rating in a research report issued on Thursday, BayStreet reports. The firm presently has a C$49.00 price target on the stock. Desjardins‘s price objective would indicate a potential upside of 15.32% from the company’s previous close.

Brookfield Renewable Partners Price Performance

Shares of BEP.UN traded down C$0.43 during mid-day trading on Thursday, hitting C$42.49. 330,138 shares of the stock were exchanged, compared to its average volume of 346,441. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. The company has a market cap of C$12.75 billion, a PE ratio of -96.57, a price-to-earnings-growth ratio of 8.53 and a beta of 1.05. Brookfield Renewable Partners has a 52-week low of C$36.64 and a 52-week high of C$52.86. The firm has a 50-day moving average of C$41.46 and a two-hundred day moving average of C$44.51.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last posted its earnings results on Wednesday, November 4th. The company reported C($0.74) earnings per share for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. The business had revenue of C$2.64 billion during the quarter. On average, equities analysts predict that Brookfield Renewable Partners will post 0.10 earnings per share for the current year.

Brookfield Renewable Partners Company Profile

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.