BPY stock: Next Leg Up

CIBC rated the Brookfield Property Partners L.P. (NASDAQ: BPY) stock “a Sector outperform”. CIBC’s estimates were contained in a research note released on Wednesday, August 07, 2019. Several other experts on Wall Street have posted such reports regarding the BPY shares.According to RBC Capital Mkts, the stock is “an Outperform,” and set its price target at $24. RBC Capital Mkts published their figures in a research note released to investors on Tuesday, May 07, 2019. These scores were published in a research note the firm released on Monday, December 11, 2017.


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Wall Street analysts tracking the Brookfield Property Partners L.P. (NASDAQ: BPY) stock on daily basis. Out of 5 analysts, 2 deeming the stock a Buy and 0 gave it a rating of OVERWEIGHT. Another 3 recommended that BPY is a HOLD, while 0 rated it UNDERWEIGHT and the same number recommended SELL. If we look at the broader picture, the above ratings give the stock an average analyst rating of 3.00.

The company’s revenue for the quarter stood at $1.64 billion.

The stock market has more often than not ended up being extremely baffling, catching even some of the more experienced traders by surprise. It happens that even when results are as projected, the market sometimes just takes a sudden turn towards the opposite direction. Often such events lead to doubt and much speculation. At such time, it may pay to keep tabs on a stock’s historical price performance. Useful also would be knowledge of the stock’s trends, both the short term and long-term. Brookfield Property Partners L.P. (NASDAQ: BPY) share prices have decreased by -0.41% over the past week, but are up 29.77% over prices posted in the last quarter. Going further back, the stock’s price has tanked 48.08% over the last 6 months but is up 17.48% in year-to-date trading.

A recent spot check on the stock’s support and resistance revealed that the publicly-traded Brookfield Property Partners L.P. (NASDAQ: BPY) shares are trading at a price close to -0.82% lower than its 90-day high. On the other hand, the stock is +34.49% away from its low in the 90-day period. More broadly, BPY’s current price is -15.55% away from 52-week high. The price is 139.44% above from its 52-week low.

A look at another ratio shows that Brookfield Property Partners L.P. has a Return on Investment (ROI) of 0.80%. When profits exceed costs, then the ROI percentage will be positive, and analysts will rate such business as having a net gain. However, if the percentage index is negative, then the company’s costs basically outweigh profits.

Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 1.32%, and 2.22% for the month. This stock’s Average True Range (ATR) currently stands at 0.43, with the beta factor poised at 1.49. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, means that the stock’s volatility at that particular moment is low.

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Shares of the Brookfield Property Partners L.P. (NASDAQ: BPY) gained by $0.13 during Wednesday’s regular trading session to climb to $17.00. The company had a daily trading volume of 3.46 million shares, higher than its average intra-day trading volumes of about 2.86M shares.

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Peggy Goldman
Peggy Goldman, CFA, is an independent monetary author and speculator. I have worked for both sell-side and purchase side firms (values and fixed salary), with the biggest level of my working time spent in drug tech. Now I am presently viably in a “working retirement”.

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