Brookfield Corporation (NYSE:BN) Receives Average Rating of "Buy" from Brokerages

Key Points

• Brookfield Corporation has received a consensus rating of "Buy" from analysts, with eight analysts recommending "buy" and one recommending "strong buy."
• The stock recently opened at $66.23 and is undergoing a 3-for-2 stock split on October 10th.
• In its latest earnings report, Brookfield posted $0.88 earnings per share, slightly missing expectations, while revenues matched analyst estimates at $1.44 billion.

Brookfield Corporation (NYSE:BN - Get Free Report) has been assigned a consensus rating of "Buy" from the nine analysts that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $75.4444.

BN has been the topic of a number of research analyst reports. CIBC lowered their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. National Bankshares set a $82.00 target price on shares of Brookfield and gave the company an "outperform" rating in a research note on Tuesday, July 29th. BMO Capital Markets raised their target price on shares of Brookfield from $66.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Scotiabank raised their target price on shares of Brookfield from $69.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, TD Securities raised their target price on shares of Brookfield from $74.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th.

Brookfield Stock Up 1.0%

Brookfield stock opened at $66.23 on Thursday. The company has a market capitalization of $109.20 billion, a P/E ratio of 154.02 and a beta of 1.70. The firm's fifty day simple moving average is $63.31 and its 200-day simple moving average is $57.92. The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.50. Brookfield has a 1-year low of $43.61 and a 1-year high of $68.75.

Brookfield shares are going to split on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly created shares will be distributed to shareholders after the market closes on Thursday, October 9th.

Brookfield (NYSE:BN - Get Free Report) last released 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. Sell-side analysts forecast that Brookfield will post 3.85 earnings per share for the current fiscal year.

Institutional Trading of Brookfield

Institutional investors have recently made changes to their positions in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Brookfield during the 1st quarter valued at about $26,000. North Capital Inc. acquired a new stake in shares of Brookfield during the 1st quarter valued at about $27,000. ST Germain D J Co. Inc. acquired a new stake in shares of Brookfield during the 1st quarter valued at about $28,000. CoreCap Advisors LLC acquired a new position in Brookfield in the fourth quarter valued at about $29,000. Finally, Hilltop National Bank bought a new stake in Brookfield during the second quarter worth about $30,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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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