Brookfield (NYSE:BN) Raised to "Hold" at Wall Street Zen

Brookfield (NYSE:BN - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

BN has been the topic of a number of other research reports. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. JPMorgan Chase & Co. reduced their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Securities reduced their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Scotiabank reduced their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. Finally, CIBC reduced their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

Brookfield Stock Up 1.3%

BN stock opened at $58.88 on Friday. Brookfield has a fifty-two week low of $39.97 and a fifty-two week high of $62.78. The business's 50-day moving average is $54.00 and its two-hundred day moving average is $56.22. 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 has a market cap of $97.01 billion, a price-to-earnings ratio of 196.27 and a beta of 1.66.

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

Institutional Trading of Brookfield

Several institutional investors have recently made changes to their positions in the business. Strategic Wealth Partners Ltd. grew its position in shares of Brookfield by 1.7% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock worth $618,000 after purchasing an additional 170 shares in the last quarter. Haverford Trust Co grew its position in shares of Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after purchasing an additional 197 shares in the last quarter. Pittenger & Anderson Inc. grew its position in shares of Brookfield by 14.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock worth $90,000 after purchasing an additional 203 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in Brookfield by 2.9% during the first quarter. Checchi Capital Advisers LLC now owns 7,375 shares of the company's stock valued at $387,000 after buying an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

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.

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