Brookfield Co. (NYSE:BN) Receives $63.63 Average PT from Analysts

Brookfield Co. (NYSE:BN) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $62.88.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a report on Monday. Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Monday, April 7th. Finally, CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd.

Institutional Trading of Brookfield

Several institutional investors and hedge funds have recently added to or reduced their stakes in BN. ST Germain D J Co. Inc. acquired a new stake in Brookfield during the 1st quarter worth $28,000. CoreCap Advisors LLC bought a new position in Brookfield in the fourth quarter valued at approximately $29,000. Compass Planning Associates Inc acquired a new position in Brookfield during the fourth quarter worth $30,000. Sunbelt Securities Inc. increased its stake in shares of Brookfield by 164.0% during the 4th quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock worth $42,000 after purchasing an additional 451 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Brookfield by 2,029.3% in the first quarter. Versant Capital Management Inc now owns 873 shares of the company’s stock valued at $46,000 after buying an additional 832 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Performance

Shares of Brookfield stock opened at $49.70 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The firm’s 50-day simple moving average is $53.38 and its 200-day simple moving average is $55.90. Brookfield has a 1 year low of $38.32 and a 1 year high of $62.78. The firm has a market cap of $81.84 billion, a PE ratio of 165.67 and a beta of 1.60.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities analysts forecast that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.72%. The ex-dividend date was Friday, March 14th. Brookfield’s payout ratio is presently 120.00%.

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.