Brookfield Renewable (NYSE:BEPC – Get Free Report) had its price target cut by JPMorgan Chase & Co. from $34.00 to $32.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 1.99% from the company’s current price.
Brookfield Renewable Stock Performance
Shares of NYSE:BEPC traded down $0.09 during trading on Thursday, reaching $32.65. The company had a trading volume of 184,621 shares, compared to its average volume of 942,655. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -70.78 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s fifty day moving average price is $29.63 and its 200 day moving average price is $28.73. Brookfield Renewable has a fifty-two week low of $21.35 and a fifty-two week high of $33.17.
Brookfield Renewable (NYSE:BEPC – Get Free Report) last released its earnings results on Friday, August 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. As a group, equities research analysts predict that Brookfield Renewable will post -1.02 EPS for the current year.
Institutional Inflows and Outflows
About Brookfield Renewable
Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.
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