Brokerages Set Brookfield Co. (NYSE:BN) Target Price at $55.31

Brookfield Co. (NYSE:BN) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $55.31.

BN has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank lifted their price objective on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th.

Brookfield Stock Up 0.4 %

Shares of NYSE BN opened at $57.80 on Wednesday. The stock has a market cap of $87.19 billion, a PE ratio of 122.98 and a beta of 1.55. Brookfield has a 52-week low of $37.79 and a 52-week high of $62.44. The business has a 50-day moving average price of $57.74 and a 200 day moving average price of $51.41. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, December 16th. Brookfield’s payout ratio is 68.09%.

Institutional Investors Weigh In On Brookfield

A number of institutional investors have recently added to or reduced their stakes in the business. First Personal Financial Services purchased a new stake in shares of Brookfield during the 3rd quarter worth $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield during the third quarter worth about $42,000. Prestige Wealth Management Group LLC grew its position in Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after buying an additional 500 shares during the period. Continuum Advisory LLC purchased a new position in Brookfield in the third quarter valued at about $55,000. Finally, Asset Dedication LLC acquired a new stake in shares of Brookfield during the 2nd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

About Brookfield

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.