Brokerages Set Brookfield Co. (NYSE:BN) Price Target at $63.00

Shares of Brookfield Co. (NYSE:BN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $63.00.

A number of analysts have recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. JPMorgan Chase & Co. lowered their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Scotiabank lowered their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. TD Securities lowered their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, CIBC lowered their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th.

Hedge Funds Weigh In On Brookfield

Large investors have recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new position in Brookfield during the 4th quarter worth approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Brookfield during the 1st quarter worth approximately $26,000. Compass Planning Associates Inc acquired a new position in Brookfield during the 4th quarter worth approximately $30,000. North Capital Inc. acquired a new position in Brookfield during the 1st quarter worth approximately $27,000. Finally, ST Germain D J Co. Inc. acquired a new position in Brookfield during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Trading Up 0.1%

NYSE:BN traded up $0.04 on Friday, hitting $57.76. 1,806,289 shares of the stock were exchanged, compared to its average volume of 2,720,038. The stock has a market capitalization of $95.16 billion, a price-to-earnings ratio of 192.54 and a beta of 1.64. Brookfield has a 52 week low of $39.97 and a 52 week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The company's 50-day moving average price is $53.51 and its 200 day moving average price is $56.16.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, equities research analysts forecast that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. Brookfield's dividend payout ratio is presently 128.57%.

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.