Brookfield Renewable Partners (TSE:BEP.UN) Price Target Raised to C$48.00

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price lifted by equities research analysts at Desjardins from C$45.00 to C$48.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target would indicate a potential upside of 3.34% from the company’s previous close.

Brookfield Renewable Partners Stock Up 0.3%

Brookfield Renewable Partners stock traded up C$0.16 during mid-day trading on Friday, hitting C$46.45. The company’s stock had a trading volume of 102,874 shares, compared to its average volume of 320,318. The firm’s 50 day moving average is C$44.27 and its 200 day moving average is C$41.26. The company has a market cap of C$14.21 billion, a PE ratio of -185.80, a price-to-earnings-growth ratio of 8.53 and a beta of 0.94. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45. Brookfield Renewable Partners has a 52-week low of C$30.64 and a 52-week high of C$49.31.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings data on Friday, January 30th. The company reported C$0.74 earnings per share (EPS) for the quarter. The firm had revenue of C($371.30) million during the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. On average, analysts anticipate that Brookfield Renewable Partners will post 0.1012093 earnings per share for the current year.

About Brookfield Renewable Partners

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.