Brookfield Corporation (NYSE:BN) Stock Has Consensus Target Price of $57.40 According to Brokerages

Brookfield Corporation (NYSE:BN) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $57.40.

A number of equities research analysts have recently commented on BN shares. Morgan Stanley set a $59.00 price target on Brookfield and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Monday. TD raised their target price on shares of Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Scotiabank reiterated an “outperform” rating and issued a $54.00 price target (up from $53.00) on shares of Brookfield in a report on Friday, August 14th. Finally, BMO Capital Markets upgraded shares of Brookfield to a “strong-buy” rating in a report on Monday, July 27th.

Institutional Investors Weigh In On Brookfield

A number of hedge funds and other institutional investors have recently bought and sold shares of BN. Meadow Creek Wealth Advisors LLC increased its holdings in Brookfield by 2.3% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after acquiring an additional 234 shares during the period. State of Wyoming boosted its holdings in Brookfield by 6.0% in the 1st quarter. State of Wyoming now owns 5,151 shares of the company’s stock valued at $208,000 after purchasing an additional 290 shares during the period. Central Pacific Bank Trust Division boosted its holdings in Brookfield by 2.6% in the 2nd quarter. Central Pacific Bank Trust Division now owns 11,800 shares of the company’s stock valued at $503,000 after purchasing an additional 300 shares during the period. West Family Investments Inc. grew its position in shares of Brookfield by 4.0% during the 2nd quarter. West Family Investments Inc. now owns 7,890 shares of the company’s stock valued at $336,000 after purchasing an additional 304 shares in the last quarter. Finally, Gould Asset Management LLC CA increased its holdings in shares of Brookfield by 3.6% in the first quarter. Gould Asset Management LLC CA now owns 8,834 shares of the company’s stock worth $358,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN stock opened at $36.63 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.54. Brookfield has a 12-month low of $36.23 and a 12-month high of $49.56. The firm has a fifty day moving average of $41.16 and a 200-day moving average of $42.72. The firm has a market capitalization of $89.82 billion, a price-to-earnings ratio of 66.61 and a beta of 1.53.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. Brookfield had a return on equity of 3.93% and a net margin of 1.85%.The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. On average, equities research analysts forecast that Brookfield will post 2.93 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, September 14th. Brookfield’s payout ratio is 50.91%.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company that owns and operates businesses across real estate, renewable power and transition, infrastructure, and private equity. Through its operating platforms and investments, the company is involved in assets such as office, retail, multifamily and logistics properties; hydroelectric, wind and solar facilities; transportation, data and utility infrastructure; and companies in industries including industrials, technology and business services.

Brookfield also maintains a significant interest in Brookfield Asset Management, an alternative asset manager that manages capital for institutional and individual investors.