Brookfield Renewable Partners (BEP) PT Set at $36.00 by Guggenheim

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) received a $36.00 price objective from equities research analysts at Guggenheim in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the utilities provider’s stock. Guggenheim’s target price would suggest a potential upside of 8.40% from the company’s previous close.

Several other equities research analysts also recently commented on BEP. Zacks Investment Research downgraded Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a report on Friday, October 6th. GMP Securities restated a “hold” rating and set a $34.50 price objective on shares of Brookfield Renewable Partners in a report on Friday, October 20th. National Bank Financial lifted their price objective on Brookfield Renewable Partners from $35.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 18th. BMO Capital Markets restated a “hold” rating and set a $35.00 price objective on shares of Brookfield Renewable Partners in a report on Friday, October 20th. Finally, CIBC downgraded Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.15.

Shares of Brookfield Renewable Partners (NYSE:BEP) opened at $33.21 on Thursday. The company has a market capitalization of $6,030.00, a PE ratio of -276.75 and a beta of 0.21. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.74. Brookfield Renewable Partners has a twelve month low of $28.13 and a twelve month high of $36.00.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its earnings results on Wednesday, November 1st. The utilities provider reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $762.30 million for the quarter, compared to analysts’ expectations of $795.58 million. Brookfield Renewable Partners had a net margin of 3.11% and a return on equity of 0.64%. research analysts predict that Brookfield Renewable Partners will post -0.63 earnings per share for the current year.

Brookfield Renewable Partners announced that its Board of Directors has authorized a share buyback plan on Friday, December 22nd that permits the company to repurchase 9,000,000 shares. This repurchase authorization permits the utilities provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Brookfield Renewable Partners by 8.2% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 19,230 shares of the utilities provider’s stock valued at $644,000 after acquiring an additional 1,450 shares during the last quarter. Guardian Capital Advisors LP increased its holdings in shares of Brookfield Renewable Partners by 2.7% in the 2nd quarter. Guardian Capital Advisors LP now owns 57,771 shares of the utilities provider’s stock valued at $2,372,000 after acquiring an additional 1,546 shares during the last quarter. Commonwealth Equity Services Inc increased its holdings in shares of Brookfield Renewable Partners by 19.7% in the 3rd quarter. Commonwealth Equity Services Inc now owns 13,333 shares of the utilities provider’s stock valued at $446,000 after acquiring an additional 2,193 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Brookfield Renewable Partners in the 2nd quarter valued at approximately $109,000. Finally, Bank of Nova Scotia Trust Co. increased its holdings in shares of Brookfield Renewable Partners by 2.4% in the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 232,606 shares of the utilities provider’s stock valued at $7,797,000 after acquiring an additional 5,528 shares during the last quarter. Institutional investors and hedge funds own 54.06% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by BBNS and is owned by of BBNS. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/brookfield-renewable-partners-bep-pt-set-at-36-00-by-guggenheim/1847517.html.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

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

Red Sox: J.D. Martinez Continues His Physical at Spring Training Facility
Red Sox: J.D. Martinez Continues His Physical at Spring Training Facility
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish


Leave a Reply

 
© 2006-2018 BBNS.