Brookfield Renewable Partners (NYSE:BEP) Price Target Increased to $38.00 by Analysts at National Bankshares

Brookfield Renewable Partners (NYSE:BEPGet Rating) (TSE:BEP) had its price objective hoisted by research analysts at National Bankshares from $31.00 to $38.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the utilities provider’s stock. National Bankshares’ price target indicates a potential upside of 11.73% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Raymond James reissued an “outperform” rating and set a $42.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 7th. National Bank Financial raised shares of Brookfield Renewable Partners from a “sector perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Tuesday, January 18th. CIBC raised shares of Brookfield Renewable Partners from a “neutral” rating to a “sector outperform” rating and decreased their target price for the company from $42.00 to $40.00 in a research report on Tuesday, January 11th. UBS Group started coverage on Brookfield Renewable Partners in a report on Monday, March 28th. They set a “buy” rating and a $46.00 price target on the stock. Finally, BMO Capital Markets increased their price target on Brookfield Renewable Partners from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Brookfield Renewable Partners currently has a consensus rating of “Buy” and a consensus target price of $42.19.

Shares of Brookfield Renewable Partners stock traded down $1.03 on Monday, hitting $34.01. The stock had a trading volume of 21,853 shares, compared to its average volume of 418,528. The stock has a 50 day moving average of $38.49 and a 200 day moving average of $36.44. Brookfield Renewable Partners has a twelve month low of $30.93 and a twelve month high of $41.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $9.36 billion, a P/E ratio of -55.02 and a beta of 0.73.

Brookfield Renewable Partners (NYSE:BEPGet Rating) (TSE:BEP) last released its quarterly earnings data on Friday, February 4th. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Brookfield Renewable Partners had a negative net margin of 5.84% and a negative return on equity of 1.14%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company earned ($0.22) EPS. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts expect that Brookfield Renewable Partners will post -0.18 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Baldwin Brothers LLC MA purchased a new position in Brookfield Renewable Partners during the 1st quarter valued at about $41,000. Van ECK Associates Corp purchased a new position in Brookfield Renewable Partners during the 3rd quarter valued at about $44,000. Kozak & Associates Inc. purchased a new position in Brookfield Renewable Partners during the 3rd quarter valued at about $50,000. Carl Stuart Investment Advisor Inc. bought a new stake in shares of Brookfield Renewable Partners during the 1st quarter valued at about $54,000. Finally, Sittner & Nelson LLC bought a new stake in shares of Brookfield Renewable Partners during the 4th quarter valued at about $81,000. 55.98% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Partners Company Profile (Get Rating)

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources.

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Analyst Recommendations for Brookfield Renewable Partners (NYSE:BEP)

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