Brookfield Co. (NYSE:BN) Receives $64.00 Average PT from Brokerages

Brookfield Co. (NYSE:BN) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $64.00.

Several research firms have recently weighed in on BN. CIBC increased their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (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 $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Finally, TD Securities lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th.

Brookfield Price Performance

BN stock opened at $58.68 on Thursday. The company has a market capitalization of $96.59 billion, a P/E ratio of 195.60 and a beta of 1.57. Brookfield has a twelve month low of $38.18 and a twelve month high of $62.78. The business has a 50 day simple moving average of $58.54 and a 200-day simple moving average of $55.07. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

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

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. Brookfield’s payout ratio is currently 106.67%.

Institutional Investors Weigh In On Brookfield

Several institutional investors have recently made changes to their positions in BN. CoreCap Advisors LLC purchased a new stake in shares of Brookfield during the 4th quarter worth $29,000. Compass Planning Associates Inc purchased a new stake in shares of Brookfield during the 4th quarter worth $30,000. 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 shares of Brookfield during the 3rd quarter worth $42,000. Finally, Sunbelt Securities Inc. boosted its position 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 in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

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.