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

Key Points

• Analysts rate Brookfield a "Moderate Buy" — 13 analysts cover the stock (10 buys, 2 holds, 1 strong buy) with an average 1-year target of about $54.20.
• Brookfield beat Q4 EPS estimates ($0.67 vs. $0.61) with revenue in line at $1.63B, while the shares trade around $39.66, carry a market cap of $97.1B and a high P/E (~80), reflecting a relatively rich valuation.
• Dividend increased to $0.07 quarterly (annualized $0.28, ~0.7% yield) from $0.06; the ex-dividend date is March 17 and the pay date is March 31, with a payout ratio around 57%.

Shares of Brookfield Corporation (NYSE:BN - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $54.2037.

BN has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Friday, February 13th. Keefe, Bruyette & Woods restated an "outperform" rating on shares of Brookfield in a research report on Monday, December 1st. BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. National Bank Financial raised their target price on Brookfield from $56.00 to $59.00 and gave the company an "outperform" rating in a report on Wednesday, February 4th. Finally, Scotiabank decreased their price target on Brookfield from $52.00 to $48.50 and set a "sector outperform" rating on the stock in a research note on Wednesday.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Brookfield during the 2nd quarter valued at approximately $32,000. MCF Advisors LLC bought a new position in Brookfield in the 4th quarter valued at approximately $26,000. Quattro Advisors LLC acquired a new stake in Brookfield in the fourth quarter valued at approximately $26,000. First Horizon Corp acquired a new stake in Brookfield in the third quarter valued at approximately $40,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Brookfield during the fourth quarter worth $27,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Stock Down 0.6%

Shares of NYSE BN opened at $39.66 on Friday. The stock has a market capitalization of $97.14 billion, a P/E ratio of 80.38 and a beta of 1.58. The stock's fifty day moving average is $44.08 and its 200 day moving average is $45.28. Brookfield has a 52 week low of $29.07 and a 52 week high of $49.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Sell-side analysts forecast that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.7%. This is a boost from Brookfield's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 17th. Brookfield's payout ratio is 57.14%.

About Brookfield

Brookfield Corporation NYSE: BN is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield's services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.

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