Brookfield (NYSE:BN) Given Outperform Rating at Royal Bank of Canada

Brookfield (NYSE:BN - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Royal Bank of Canada in a research report issued on Friday, Benzinga reports. They currently have a $53.00 price objective on the stock. Royal Bank of Canada's price target would suggest a potential upside of 34.86% from the company's current price.

Other analysts also recently issued reports about the company. Scotiabank raised their target price on Brookfield from $49.00 to $50.00 and gave the company a "sector outperform" rating in a research note on Friday, February 9th. TD Securities raised their target price on Brookfield from $61.00 to $62.00 and gave the company an "action list buy" rating in a research note on Sunday, February 11th. CIBC raised their target price on Brookfield from $46.00 to $52.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Canaccord Genuity Group raised their target price on Brookfield from $41.00 to $42.50 and gave the company a "hold" rating in a research note on Friday, February 9th. Finally, BMO Capital Markets lifted their price target on Brookfield from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Brookfield has an average rating of "Moderate Buy" and an average target price of $47.45.

Brookfield Trading Down 1.1 %

NYSE:BN traded down $0.42 during trading hours on Friday, hitting $39.30. 3,805,380 shares of the company were exchanged, compared to its average volume of 2,684,652. The stock has a market capitalization of $64.48 billion, a price-to-earnings ratio of 63.15 and a beta of 1.49. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. Brookfield has a one year low of $28.84 and a one year high of $43.17. The company has a fifty day simple moving average of $40.87 and a 200 day simple moving average of $37.30.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The firm had revenue of $24.52 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted $1.12 EPS. The business's quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect that Brookfield will post 3.75 EPS for the current fiscal year.

Insider Buying and Selling at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now directly owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. purchased a new stake in Brookfield during the first quarter valued at about $42,000. Crestmont Private Wealth LLC boosted its position in Brookfield by 9.1% during the first quarter. Crestmont Private Wealth LLC now owns 11,253 shares of the company's stock valued at $471,000 after buying an additional 936 shares during the period. Gulf International Bank UK Ltd boosted its position in Brookfield by 7.6% during the first quarter. Gulf International Bank UK Ltd now owns 9,029 shares of the company's stock valued at $377,000 after buying an additional 637 shares during the period. Eldred Rock Partners LLC boosted its position in Brookfield by 1.0% during the first quarter. Eldred Rock Partners LLC now owns 248,381 shares of the company's stock valued at $10,400,000 after buying an additional 2,428 shares during the period. Finally, Inscription Capital LLC purchased a new stake in Brookfield during the first quarter valued at about $223,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield

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.