Brookfield Corporation (NYSE:BN) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Brookfield, with 10 buy ratings, one strong-buy rating and two holds. The average 12-month price target is $57.40.
• Brookfield’s latest quarterly results exceeded expectations, with EPS of $0.66 versus the $0.62 consensus estimate, while revenue matched forecasts at $1.66 billion.
• The company declared a quarterly dividend of $0.07 per share, equivalent to a $0.28 annualized payout and a 0.8% yield; institutional investors own approximately 61.6% of the stock.

Brookfield Corporation (NYSE:BN - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $57.40.

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Brookfield in a report on Wednesday, June 24th. BMO Capital Markets upgraded shares of Brookfield to a "strong-buy" rating in a report on Monday, July 27th. Scotiabank reaffirmed an "outperform" rating and issued a $54.00 price target (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. Morgan Stanley set a $59.00 price target on Brookfield and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Finally, TD boosted their price objective on Brookfield from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Friday, August 14th.

Brookfield Price Performance

Shares of NYSE:BN opened at $37.20 on Friday. 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 twelve month low of $36.67 and a twelve month high of $49.56. The stock's 50 day moving average is $41.81 and its 200-day moving average is $42.91. The firm has a market capitalization of $91.22 billion, a price-to-earnings ratio of 67.65 and a beta of 1.53.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Sell-side analysts forecast that Brookfield will post 2.93 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. Brookfield's payout ratio is presently 50.91%.

Institutional Investors Weigh In On Brookfield

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Altus USA Inc. boosted its holdings in Brookfield by 34.1% during the 2nd quarter. Wellington Altus USA Inc. now owns 9,018 shares of the company's stock worth $392,000 after acquiring an additional 2,293 shares during the last quarter. Engineers Gate Manager LP raised its holdings in shares of Brookfield by 388.8% in the second quarter. Engineers Gate Manager LP now owns 42,209 shares of the company's stock valued at $1,798,000 after purchasing an additional 33,573 shares during the last quarter. Cidel Asset Management Inc. raised its holdings in shares of Brookfield by 119.5% in the second quarter. Cidel Asset Management Inc. now owns 13,756 shares of the company's stock valued at $587,000 after purchasing an additional 7,489 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Brookfield by 6.4% during the second quarter. Integrated Wealth Concepts LLC now owns 38,902 shares of the company's stock valued at $1,657,000 after purchasing an additional 2,333 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. lifted its position in shares of Brookfield by 3.0% during the second quarter. Mraz Amerine & Associates Inc. now owns 466,698 shares of the company's stock valued at $19,877,000 after purchasing an additional 13,401 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Company Profile

Brookfield Corporation NYSE: BN is a global investment and asset management company that owns and operates businesses across real estate, renewable power and transition, infrastructure, and private equity. Through its operating platforms and investments, the company is involved in assets such as office, retail, multifamily and logistics properties; hydroelectric, wind and solar facilities; transportation, data and utility infrastructure; and companies in industries including industrials, technology and business services.

Brookfield also maintains a significant interest in Brookfield Asset Management, an alternative asset manager that manages capital for institutional and individual investors.

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