Brookfield Renewable Partners L.P. (BEP): Analysis on simple moving average

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Brookfield Renewable Partners L.P. (NYSE:BEP) changes shares on Tuesday trading session, with a change of -1.19% or -$0.59 shares. The trading starts at $50.50 and closed at $49.57 throughout the day. The trading session low price was $48.60 and day high was $50.50 on Tuesday, June 23. After the session, the Utilities sector daily volume shifted to 0.29 million while its average volume is 442.19K. In other hand, the BEP market cap reached to $8.77B. While, its current target price is $48.98 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.51% and up 0.99% for month. Its quarterly performance was 36.55% above, while its half year performance is up 5.93%. BEP yearly performance stood at positive 41.81% and rise 5.04% for year-to-date. Current recommendation for Brookfield Renewable Partners L.P. is 1.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. BEP EPS (TTM) for 12-month is -0.12. EPS for the next year its value is 0.34. Its EPS Q/Q reached -43.40%. It has an EPS of -86.13% down for past five years.

Let’s take a look on the analyst recommendations on BEP for the current month and previous month. For the current month, 6 of 11 analysts recommend stock as Buy while 1 as Sell, 1 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 1 rated it sell, 7 rated it as Buy and 3 as Hold Ratings. On the other hand, target price ranges from $46.00-$55.00. Average target price for BEP was reached at $50.67.

Brookfield Asset Management Inc., FIL LTD and Royal Bank of Canada are the top three holders in Brookfield Renewable Partners L.P. (BEP) stock. On Mar 30, 2020, Brookfield Asset Management Inc. has 56.07 million shares which valued 2.38 billion. On Mar 30, 2020, FIL LTD owned 10.33 million shares which valued at 438.95 million. On Mar 30, 2020, Royal Bank of Canada has a total of 4.71 million shares which valued at 200.31 million. In the end, Royal Bank of Canada have 2.63% shares outstanding of Brookfield Renewable Partners L.P. (BEP) on Mar 30, 2020. The institutional holding shifted to 58.84%.

The company posted an EPS (TTM) of -0.12. Comparing with last year, the average estimated EPS was -0.16 which is lower than -0.14 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for BEP rise 7.59% for period of 200 days. SMA for 50 days was 2.72% which is showing green signal, while SMA-20 was 0.54%. The moving average value for Brookfield Renewable Partners L.P. (BEP) is 47.21 and 48.65 for 200 and 50 days respectively.