Brookfield (NYSE:BN) Given New $63.00 Price Target at Royal Bank Of Canada

Brookfield (NYSE:BN) had its price target lifted by investment analysts at Royal Bank Of Canada from $60.00 to $63.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 35.66% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. BMO Capital Markets upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and issued a $60.00 price target on shares of Brookfield in a report on Tuesday, February 17th. National Bank Financial upped their price target on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Scotiabank reduced their price target on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price of $55.54.

Brookfield Trading Down 0.3%

NYSE BN traded down $0.15 during trading on Monday, reaching $46.44. 2,780,623 shares of the stock traded hands, compared to its average volume of 5,942,398. The firm has a market cap of $113.81 billion, a price-to-earnings ratio of 94.18 and a beta of 1.56. The stock’s 50-day moving average price is $42.81 and its 200 day moving average price is $44.85. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. Brookfield has a fifty-two week low of $31.62 and a fifty-two week high of $49.56.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. Analysts predict that Brookfield will post 3.85 EPS for the current year.

Institutional Trading of Brookfield

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Partners Value Investments L.P. increased its holdings in shares of Brookfield by 50.0% in the fourth quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock valued at $8,324,719,000 after purchasing an additional 60,468,651 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Brookfield by 40.5% in the fourth quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock valued at $5,215,504,000 after purchasing an additional 32,760,558 shares during the last quarter. Capital World Investors increased its holdings in shares of Brookfield by 45.0% in the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock valued at $4,546,443,000 after purchasing an additional 30,755,354 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Brookfield by 52.1% in the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after purchasing an additional 31,543,313 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Brookfield by 27.9% in the fourth quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after purchasing an additional 14,200,710 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Company Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long?lived, cash?generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.