Wall Street Zen Downgrades Brookfield (NYSE:BN) to Sell

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

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

Brookfield Stock Performance

Shares of BN stock traded down $0.26 during trading on Friday, reaching $57.93. 1,419,765 shares of the company's stock traded hands, compared to its average volume of 2,713,005. The firm's 50-day moving average is $53.79 and its 200 day moving average is $56.20. The company has a market capitalization of $95.44 billion, a P/E ratio of 193.11 and a beta of 1.64. Brookfield has a 1 year low of $39.97 and a 1 year high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

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

Hedge Funds Weigh In On Brookfield

Several institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC purchased a new stake in Brookfield during the fourth quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Brookfield in the first quarter worth about $26,000. Compass Planning Associates Inc bought a new stake in shares of Brookfield in the 4th quarter valued at about $30,000. North Capital Inc. purchased a new stake in Brookfield during the 1st quarter valued at about $27,000. Finally, ST Germain D J Co. Inc. purchased a new stake in Brookfield during the 1st quarter valued at about $28,000. Institutional investors own 61.60% of the company's stock.

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.