Brookfield Corporation (NYSE:BN) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Brookfield Corporation (NYSE:BN) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $57.70.

BN has been the topic of several research reports. Scotia upped their price objective on shares of Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a research note on Friday, August 14th. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. TD boosted their price target on shares of Brookfield from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Monday, September 21st.

Brookfield Price Performance

Shares of BN opened at $42.02 on Friday. The business’s 50-day moving average is $38.29 and its 200-day moving average is $42.39. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. The company has a market capitalization of $103.05 billion, a price-to-earnings ratio of 76.40 and a beta of 1.53. Brookfield has a fifty-two week low of $35.61 and a fifty-two week high of $49.56.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Equities research analysts expect that Brookfield will post 2.88 EPS for the current fiscal year.

Institutional Trading of Brookfield

A number of institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of Brookfield by 111.0% during the 3rd quarter. Private Advisor Group LLC now owns 43,763 shares of the company’s stock valued at $1,596,000 after buying an additional 23,027 shares during the last quarter. Colonial Trust Co SC grew its stake in shares of Brookfield by 66.5% in the 3rd quarter. Colonial Trust Co SC now owns 9,468 shares of the company’s stock valued at $345,000 after buying an additional 3,783 shares in the last quarter. Independent Advisor Alliance increased its holdings in Brookfield by 9.8% in the third quarter. Independent Advisor Alliance now owns 6,717 shares of the company’s stock worth $254,000 after buying an additional 602 shares during the last quarter. OneAscent Family Office LLC acquired a new position in Brookfield in the third quarter worth approximately $200,000. Finally, Composition Wealth LLC increased its holdings in Brookfield by 24.7% in the third quarter. Composition Wealth LLC now owns 17,938 shares of the company’s stock worth $654,000 after buying an additional 3,557 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

About Brookfield

Brookfield Corporation is a global investment and operating company focused on owning and managing businesses and assets in sectors including renewable power, infrastructure, real estate, private equity and credit. It invests directly and through its asset management business, Brookfield Asset Management, which serves institutional and individual investors. The company’s operations and investments span multiple regions, including North America, South America, Europe and Asia-Pacific. Its portfolio includes renewable energy facilities, transportation and utility infrastructure, commercial and residential real estate, and businesses in a range of industries.