Brookfield Co. (NYSE:BN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Brookfield Co. (NYSE:BN) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $51.59.

A number of equities analysts have recently weighed in on the company. Scotiabank increased their price target on Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. TD Securities upped their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. BMO Capital Markets lifted their target price on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Royal Bank of Canada decreased their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th.

Brookfield Price Performance

Shares of BN stock opened at $55.33 on Friday. The firm’s 50-day moving average is $50.11 and its two-hundred day moving average is $45.38. Brookfield has a 12 month low of $28.84 and a 12 month high of $55.48. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market capitalization of $90.94 billion, a PE ratio of 90.70 and a beta of 1.54.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. The firm had revenue of $23.05 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Analysts predict that Brookfield will post 3.84 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.58%. Brookfield’s payout ratio is 52.46%.

Institutional Investors Weigh In On Brookfield

A number of hedge funds have recently bought and sold shares of BN. Nicholas Hoffman & Company LLC. grew its position in shares of Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after buying an additional 257 shares in the last quarter. Blue Trust Inc. increased its position in shares of Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Mckinley Capital Management LLC increased its position in shares of Brookfield by 0.9% in the 1st quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company’s stock valued at $1,367,000 after purchasing an additional 283 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of Brookfield by 20.6% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after purchasing an additional 296 shares in the last quarter. Finally, Pembroke Management LTD grew its stake in shares of Brookfield by 4.4% during the first quarter. Pembroke Management LTD now owns 7,339 shares of the company’s stock worth $307,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds 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.