Stock To Watch: Brookfield Renewable Powerr Fund (NYSE:BEP)


The leading market experts have placed a mean price target of $33.63 on Brookfield Renewable Powerr Fund (NYSE:BEP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.24 a share for the upcoming quarter and $0.88 for the current fiscal.

Technical View

The technical analysis of Brookfield Renewable Partners L plainly substantiates that the 50-day moving average of Brookfield Renewable Partners L is $30.70, and stock is trading $0.30 points away or +0.99% from its 50-day moving average of $30.70. Further it is trading $1.80 or +6.16% away its 200-day moving average of $29.20. Brookfield Renewable Powerr Fund (NYSE:BEP) 52-week high is $31.64 and the 52-week low is $20.36.

This explains if the stock moves $-0.64, it will post a 52-week high. In event of +52.26% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Brookfield Renewable Partners L, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Brookfield Renewable Powerr Fund (NYSE:BEP) ratio came in at N/A.

The stock last ended the trading session at $31.00 and registered a market cap of $9.19B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Brookfield Renewable Powerr Fund (NYSE:BEP) PEG ratio is at 0.95.

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