Brookfield (NYSE:BN) Upgraded at Zacks Research

Key Points

• Brookfield has been upgraded from a "hold" to a "strong-buy" rating by Zacks Research, indicating increased confidence in the stock's potential.
• Other analysts have also raised their target prices for Brookfield, with TD Securities setting a new target of $54.67 and Scotiabank increasing theirs to $50.00.
• Currently, Brookfield has a consensus rating of "Buy" from analysts, with three strong buy ratings and nine buy ratings, reflecting overall positive sentiment for the stock.

Brookfield (NYSE:BN - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. TD Securities increased their target price on shares of Brookfield from $49.33 to $54.67 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Scotiabank increased their target price on shares of Brookfield from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on shares of Brookfield in a research note on Tuesday, September 2nd. They set a "buy" rating and a $52.00 target price for the company. Cowen reaffirmed a "buy" rating on shares of Brookfield in a research note on Friday, August 8th. Finally, National Bank Financial started coverage on shares of Brookfield in a research note on Tuesday, July 29th. They issued an "outperform" rating and a $54.67 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $52.47.

Brookfield Price Performance

Shares of NYSE BN opened at $45.28 on Tuesday. The firm has a 50-day simple moving average of $44.78 and a 200-day simple moving average of $40.86. The stock has a market capitalization of $112.01 billion, a price-to-earnings ratio of 157.96 and a beta of 1.75. 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 52 week low of $29.07 and a 52 week high of $49.47.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.44 billion. On average, equities analysts predict that Brookfield will post 3.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookfield

A number of institutional investors have recently modified their holdings of the business. Triangle Securities Wealth Management increased its holdings in shares of Brookfield by 1.7% in the 3rd quarter. Triangle Securities Wealth Management now owns 99,119 shares of the company's stock valued at $6,798,000 after acquiring an additional 1,650 shares during the period. Tactive Advisors LLC increased its holdings in shares of Brookfield by 20.0% in the 3rd quarter. Tactive Advisors LLC now owns 4,679 shares of the company's stock valued at $321,000 after acquiring an additional 780 shares during the period. Kirr Marbach & Co. LLC IN increased its holdings in shares of Brookfield by 0.3% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 178,817 shares of the company's stock valued at $12,263,000 after acquiring an additional 503 shares during the period. Jamison Private Wealth Management Inc. increased its holdings in shares of Brookfield by 304.3% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 55,561 shares of the company's stock valued at $3,638,000 after acquiring an additional 41,817 shares during the period. Finally, Arthur M. Cohen & Associates LLC acquired a new position in shares of Brookfield in the 3rd quarter valued at $213,000. 61.60% of the stock is owned by institutional investors and hedge funds.

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.

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