Brookfield Co. (NYSE:BN) Receives Average Rating of “Moderate Buy” from Brokerages

Brookfield Co. (NYSE:BN) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $51.59.

Several research analysts have issued reports on BN shares. Keefe, Bruyette & Woods increased their price objective on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. TD Securities boosted their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Scotiabank increased their target price on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a report on Friday, August 9th. Royal Bank of Canada decreased their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price objective on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st.

Institutional Trading of Brookfield

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortis Group Advisors LLC boosted its stake in shares of Brookfield by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares during the last quarter. Blue Trust Inc. boosted its position in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Kings Path Partners LLC purchased a new stake in Brookfield in the 2nd quarter worth approximately $31,000. Family Firm Inc. acquired a new position in Brookfield in the 2nd quarter valued at $36,000. Finally, Salem Investment Counselors Inc. purchased a new position in shares of Brookfield during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.1 %

Shares of Brookfield stock opened at $53.39 on Monday. Brookfield has a one year low of $28.84 and a one year high of $54.29. The company has a market cap of $87.75 billion, a P/E ratio of 87.52 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a fifty day moving average of $48.10 and a two-hundred day moving average of $44.27.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year. On average, analysts forecast that Brookfield will post 3.84 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 12th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.60%. Brookfield’s dividend payout ratio (DPR) is 52.46%.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.