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

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price upped by equities researchers at Desjardins from C$45.00 to C$48.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ target price suggests a potential upside of 2.78% from the stock’s current price.

Brookfield Renewable Partners Stock Performance

Shares of TSE:BEP.UN opened at C$46.70 on Friday. Brookfield Renewable Partners has a one year low of C$30.64 and a one year high of C$49.31. The company has a market cap of C$14.29 billion, a P/E ratio of -186.80, a PEG ratio of 8.53 and a beta of 0.94. The business’s 50-day simple moving average is C$44.34 and its 200 day simple moving average is C$41.33. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52.

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

Brookfield Renewable Partners Company Profile

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.