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.

Shares of Brookfield Corporation (NYSE:BN - Get Free Report) have been given a consensus recommendation of "Buy" by the nine analysts that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month 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 recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. National Bankshares set a $82.00 price target on shares of Brookfield and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada increased their price target on shares of Brookfield from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. TD Securities raised their price objective on shares of Brookfield from $74.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, CIBC decreased their price objective on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th.

Institutional Trading of Brookfield

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Brookfield by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 60,892,877 shares of the company's stock worth $3,186,707,000 after buying an additional 988,419 shares in the last quarter. Capital World Investors grew its stake in shares of Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after buying an additional 1,782,034 shares in the last quarter. Pershing Square Capital Management L.P. grew its stake in shares of Brookfield by 17.5% in the 1st quarter. Pershing Square Capital Management L.P. now owns 41,004,657 shares of the company's stock worth $2,149,054,000 after buying an additional 6,111,593 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Brookfield by 1.5% in the 1st quarter. TD Asset Management Inc now owns 24,584,311 shares of the company's stock worth $1,286,395,000 after buying an additional 354,171 shares in the last quarter. Finally, Akre Capital Management LLC grew its stake in shares of Brookfield by 0.7% in the 2nd quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company's stock worth $1,188,713,000 after buying an additional 125,269 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Down 0.4%

Shares of NYSE:BN traded down $0.25 during midday trading on Thursday, hitting $65.20. 478,828 shares of the stock traded hands, compared to its average volume of 2,645,324. The stock has a market capitalization of $107.52 billion, a PE ratio of 151.83 and a beta of 1.70. The business's 50 day moving average is $63.59 and its two-hundred day moving average is $57.95. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. Brookfield has a one year low of $43.61 and a one year high of $68.75.

Brookfield shares are scheduled to split on the morning of Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly minted shares will be payable to shareholders after the closing bell 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). Brookfield had a return on equity of 3.77% and a net margin of 1.11%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. As a group, research analysts forecast that Brookfield will post 3.85 earnings per share for the current year.

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.