Brookfield (TSE:BN) Stock Price Up 2.7% - Here's Why

Key Points

• Shares up 2.7% mid-day to a high of C$59.85 and last at C$58.23, on ~2.78M shares traded (about an 11% drop vs. average volume).
• The stock sits below its 200‑day moving average (C$65.31) with a 50‑day of C$58.83; market cap is C$130.27B and valuation is high with a P/E of 118.84 and beta 1.47.
• Brookfield reported quarterly EPS C$0.86 and revenue C$27.67B, with a net margin of 1.73% and ROE 2.83%; analysts forecast about C$6.41 EPS for the fiscal year.

Brookfield Co. (TSE:BN - Get Free Report) rose 2.7% during mid-day trading on Wednesday . The company traded as high as C$59.85 and last traded at C$58.23. Approximately 2,778,455 shares were traded during trading, a decline of 11% from the average daily volume of 3,137,815 shares. The stock had previously closed at C$56.70.

Brookfield Price Performance

The stock's 50-day moving average is C$58.83 and its 200-day moving average is C$65.31. The stock has a market cap of C$130.27 billion, a price-to-earnings ratio of 118.84 and a beta of 1.47.

Brookfield (TSE:BN - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported C$0.86 earnings per share (EPS) for the quarter. Brookfield had a net margin of 1.73% and a return on equity of 2.83%. The firm had revenue of C$27.67 billion for the quarter. Analysts predict that Brookfield Co. will post 6.4136752 EPS for the current fiscal year.

Brookfield Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.

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