Brookfield Corporation (BN) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts have a “Moderate Buy” consensus on Brookfield: 10 of 13 rate it Buy, one Strong Buy, one Hold, and one Sell. The average 12-month price target is $57.40.
• Brookfield reported quarterly EPS of $0.66, beating the $0.62 consensus estimate; revenue of $1.66 billion was in line with expectations.
• The company paid a quarterly dividend of $0.07 per share, equivalent to an annualized $0.28 per share and a 0.7% yield.

Shares of Brookfield Corporation (NYSE:BN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $57.40.

Several analysts have issued reports on BN shares. TD increased their target price on Brookfield from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Morgan Stanley set a $59.00 price target on Brookfield and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Brookfield in a research note on Monday, September 21st. Scotiabank restated an "outperform" rating and issued a $54.00 target price (up from $53.00) on shares of Brookfield in a research note on Friday, August 14th. Finally, BMO Capital Markets upgraded shares of Brookfield to a "strong-buy" rating in a research note on Monday, July 27th.

Brookfield Price Performance

BN opened at $41.41 on Friday. The stock has a fifty day moving average of $38.19 and a 200-day moving average of $42.45. The firm has a market capitalization of $101.55 billion, a P/E ratio of 75.30 and a beta of 1.53. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.54. Brookfield has a 12-month low of $35.61 and a 12-month high of $49.56.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. Equities analysts forecast that Brookfield will post 2.88 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 14th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Brookfield's dividend payout ratio is 50.91%.

Institutional Trading of Brookfield

A number of hedge funds and other institutional investors have recently made changes to their positions in BN. Fortitude Family Office LLC bought a new position in Brookfield during the third quarter worth $26,000. Silicon Valley Capital Partners purchased a new stake in Brookfield during the 2nd quarter valued at $32,000. Kings Path Partners LLC bought a new stake in Brookfield during the third quarter valued at about $35,000. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in shares of Brookfield in the 3rd quarter worth approximately $46,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Brookfield in the third quarter valued at about $49,000. Institutional investors own 61.60% of the company's stock.

About Brookfield

Brookfield Corporation is a global investment and operating company focused on owning and managing businesses and assets in sectors including renewable power, infrastructure, real estate, private equity and credit. It invests directly and through its asset management business, Brookfield Asset Management, which serves institutional and individual investors.

The company's operations and investments span multiple regions, including North America, South America, Europe and Asia-Pacific. Its portfolio includes renewable energy facilities, transportation and utility infrastructure, commercial and residential real estate, and businesses in a range of industries.

Brookfield traces its origins to 1899, when its predecessor, Brazilian Traction, Light and Power Company, was established to develop electricity and transportation services in Brazil.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.