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 note issued to investors on Thursday, BayStreet reports. The brokerage currently has a C$49.00 target price on the stock. Desjardins‘s price target suggests a potential upside of 15.32% from the stock’s current price.

Brookfield Renewable Partners Price Performance

Shares of BEP.UN stock traded down C$0.43 during mid-day trading on Thursday, hitting C$42.49. The company had a trading volume of 330,138 shares, compared to its average volume of 346,441. Brookfield Renewable Partners has a 52-week low of C$36.64 and a 52-week high of C$52.86. The stock’s 50 day moving average price is C$41.46 and its 200-day moving average price is C$44.51. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45. The company has a market capitalization of C$12.75 billion, a P/E ratio of -96.57, a P/E/G ratio of 8.53 and a beta of 1.05.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last issued its earnings results on Wednesday, November 4th. The company reported C($0.74) earnings per share for the quarter. The company had revenue of C$2.64 billion for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. Equities research analysts forecast 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.