BMO Capital Markets Reaffirms Outperform Rating for Brookfield (NYSE:BN)

Brookfield (NYSE:BN)‘s stock had its “outperform” rating reiterated by stock analysts at BMO Capital Markets in a report released on Friday,Benzinga reports. They presently have a $62.00 target price on the stock, up from their previous target price of $50.00. BMO Capital Markets’ price target would suggest a potential upside of 9.17% from the stock’s current price.

A number of other research firms have also issued reports on BN. JPMorgan Chase & Co. raised their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods raised their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Scotiabank raised their target price on shares of Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lowered their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, TD Securities raised their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.31.

Brookfield Stock Down 1.7 %

BN stock opened at $56.79 on Friday. Brookfield has a 12-month low of $33.61 and a 12-month high of $60.20. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The company has a market cap of $93.52 billion, a price-to-earnings ratio of 120.83 and a beta of 1.53. The company has a 50 day moving average of $53.47 and a two-hundred day moving average of $47.71.

Institutional Trading of Brookfield

A number of institutional investors have recently made changes to their positions in BN. Blue Trust Inc. boosted its position in shares of Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC bought a new stake in shares of Brookfield in the second quarter valued at about $31,000. First Personal Financial Services bought a new stake in shares of Brookfield in the third quarter valued at about $42,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield in the third quarter valued at about $42,000. Finally, Prestige Wealth Management Group LLC boosted its position in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares during the period. Institutional investors own 61.60% of the company’s stock.

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.