Brookfield Co. (NYSE:BN) Receives $60.06 Consensus Target Price from Analysts

Brookfield Co. (NYSE:BNGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $60.06.

Several research firms recently weighed in on BN. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. CIBC boosted their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Scotiabank boosted their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. Finally, Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company.

Check Out Our Latest Analysis on Brookfield

Brookfield Stock Performance

BN opened at $60.40 on Friday. The company has a market cap of $99.41 billion, a PE ratio of 128.52 and a beta of 1.56. The stock has a 50-day moving average of $58.45 and a 200-day moving average of $53.43. Brookfield has a 52-week low of $38.18 and a 52-week high of $62.44. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.53%. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Hedge Funds Weigh In On Brookfield

A number of hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after acquiring an additional 2,818,716 shares during the last quarter. Toronto Dominion Bank grew its position in Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after acquiring an additional 1,301,072 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Brookfield by 4,149.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after acquiring an additional 758,076 shares during the last quarter. Bamco Inc. NY grew its position in Brookfield by 62.6% during the 3rd quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock worth $103,614,000 after acquiring an additional 750,726 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in Brookfield during the 3rd quarter worth approximately $38,935,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Company Profile

(Get Free Report

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.

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Analyst Recommendations for Brookfield (NYSE:BN)

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