Brookfield Corporation (NYSE:BN) Given Consensus Rating of "Buy" by Analysts

Key Points

• Brookfield Corporation (NYSE:BN) has received a consensus rating of "Buy" from ten research firms, with eight firms recommending a buy and two a strong buy.
• The stock's average 1-year target price is $75.70, with recent upgrades from several analysts, including an increase from BMO Capital Markets and JPMorgan Chase & Co.
• Brookfield is set to execute a 3-for-2 stock split on October 10th, following an announcement made in August.

Shares of Brookfield Corporation (NYSE:BN - Get Free Report) have earned a consensus rating of "Buy" from the ten research firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $75.70.

A number of analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Brookfield from $66.00 to $69.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. boosted their price objective on Brookfield from $70.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Brookfield from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. TD Securities lifted their price target on Brookfield from $74.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Cowen reaffirmed a "buy" rating on shares of Brookfield in a research note on Friday, August 8th.

Brookfield Price Performance

Brookfield stock opened at $68.17 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.18 and a current ratio of 1.29. Brookfield has a 52 week low of $43.61 and a 52 week high of $74.20. The stock has a market capitalization of $112.43 billion, a P/E ratio of 158.54 and a beta of 1.75. The stock has a fifty day moving average of $67.10 and a 200-day moving average of $60.44.

Shares of Brookfield are scheduled to split on the morning of Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, October 9th.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. On average, sell-side analysts expect that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. Brookfield's dividend payout ratio (DPR) is presently 83.72%.

Institutional Trading of Brookfield

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Brookfield by 7.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,451 shares of the company's stock worth $152,000 after acquiring an additional 169 shares during the period. SG Americas Securities LLC lifted its stake in shares of Brookfield by 4.1% in the 2nd quarter. SG Americas Securities LLC now owns 4,333 shares of the company's stock valued at $268,000 after purchasing an additional 172 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Brookfield by 7.1% during the second quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company's stock valued at $183,000 after purchasing an additional 197 shares in the last quarter. Chicago Capital LLC boosted its position in shares of Brookfield by 0.4% during the second quarter. Chicago Capital LLC now owns 56,563 shares of the company's stock valued at $3,498,000 after purchasing an additional 200 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in Brookfield by 2.9% in the first quarter. Checchi Capital Advisers LLC now owns 7,375 shares of the company's stock worth $387,000 after purchasing an additional 209 shares during the period. Institutional investors 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.

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