Brookfield Renewable Corporation (NYSE:BEPC) does about 824.47K shares in volume on a normal day but saw 715759 shares change hands in the recent trading day. The company now has a market cap of 12.24B USD. Its current market price is $32.73, marking an increase of 0.21% compared to the previous close of $32.66. The 52 week high reached by this stock is $33.17 whilst the lowest price level in 52 weeks is $21.35.
Brookfield Renewable Corporation (BEPC) has a 20-day trading average at $30.27 and the current price is -1.33% off the 52-week high compared with 53.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.96 and its 200-day simple moving average is $27.83. If we look at the stock’s price movements over the week, volatility stands at 2.07%, which increases to 2.74% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.93 to suggest the stock is overbought.
The consensus objective for the share price is $33.33, suggesting that the stock has a potential upside of 1.8% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
JP Morgan upgraded the stock to “Overweight” from Neutral on December 09, 2021 at a price target of $52. Wells Fargo upgraded its price target at $47-$53.
The current price level is 9.03%, 13.31%, and 17.70% away from its SMA20, SMA50, and SMA200 respectively, with the BEPC price moving above the 50-day SMA on current market day. Brookfield Renewable Corporation (BEPC) stock is up 3.51% over the week and 14.88% over the past month. Its price is 13.69% year-to-date and 36.72% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -0.14 below consensus estimates by -0.04. The company’s next earnings report forecasts estimating quarterly EPS at -0.28 and 0.24 for whole year. Expected sales for next quarter are $1.44B, which analysts say will come at $5.7B for the current fiscal year and next year at $6.09B. In addition, estimates put the company’s current quarterly revenue at an average of $1.36B.
To reach the target analysts have set, the stock logically needs to grow 1.8 percent from here.
The company has a return on investment of 5.06% and return on equity of 14.68%. The price to earnings ratio (P/E ratio) amounts to 12.85 while the forward price to earnings ratio is 545.50. The beta has a value of 1.16. Price to book ratio is 2.21 and price to sales ratio is 2.54.
