Brookfield (NYSE:BN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. raised its price target for Brookfield's stock from $70.00 to $73.00, suggesting a potential upside of 11.31% from its previous close.
• Multiple analysts, including National Bankshares and Scotiabank, have also increased their price objectives for Brookfield, indicating a positive consensus with most ratings being "buy."
• Brookfield shares are set for a 3-2 stock split on October 10th, following an announcement made on August 7th.

Brookfield (NYSE:BN - Get Free Report) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $70.00 to $73.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 11.31% from the stock's previous close.

Several other equities analysts have also recently weighed in on BN. National Bankshares set a $82.00 price objective on Brookfield and gave the company an "outperform" rating in a report on Tuesday, July 29th. Wall Street Zen raised Brookfield from a "sell" rating to a "hold" rating in a report on Saturday. Scotiabank increased their price objective on shares of Brookfield from $69.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. BMO Capital Markets raised their price target on shares of Brookfield from $66.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday. Finally, TD Securities lifted their price objective on shares of Brookfield from $74.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $75.44.

Brookfield Trading Up 1.8%

Shares of BN stock traded up $1.16 during trading hours on Tuesday, reaching $65.58. The company had a trading volume of 924,541 shares, compared to its average volume of 2,637,696. The firm has a market cap of $108.12 billion, a price-to-earnings ratio of 152.51 and a beta of 1.70. The company has a 50 day moving average of $63.00 and a 200 day moving average of $57.81. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18. Brookfield has a 1-year low of $43.61 and a 1-year high of $68.75.

Brookfield shares are set 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 data 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 net margin of 1.11% and a return on equity of 3.77%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. On average, equities research analysts anticipate that Brookfield will post 3.85 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Brookfield in the 1st quarter valued at approximately $26,000. North Capital Inc. bought a new stake in Brookfield in the 1st quarter valued at $27,000. ST Germain D J Co. Inc. bought a new position in shares of Brookfield during the 1st quarter valued at approximately $28,000. CoreCap Advisors LLC bought a new stake in Brookfield during the fourth quarter worth approximately $29,000. Finally, Hilltop National Bank purchased a new stake in Brookfield in the second quarter worth $30,000. 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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