Brookfield (NYSE:BN) Earns "Market Perform" Rating from Keefe, Bruyette & Woods

Brookfield (NYSE:BN - Get Free Report)'s stock had its "market perform" rating reaffirmed by Keefe, Bruyette & Woods in a research note issued to investors on Friday, Benzinga reports. They presently have a $46.00 target price on the stock, up from their previous target price of $45.00. Keefe, Bruyette & Woods' target price would indicate a potential upside of 4.03% from the company's previous close.

Several other equities analysts have also issued reports on the stock. TheStreet upgraded shares of Brookfield from a "c" rating to a "b" rating in a report on Thursday, February 8th. Scotiabank boosted their price target on Brookfield from $49.00 to $50.00 and gave the company a "sector outperform" rating in a research note on Friday, February 9th. BMO Capital Markets boosted their target price on shares of Brookfield from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Royal Bank of Canada reduced their price target on shares of Brookfield from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Monday, April 29th. Finally, CIBC upped their price objective on shares of Brookfield from $46.00 to $52.00 and gave the company an "outperform" rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.10.

Brookfield Stock Performance

Shares of BN stock traded down $0.03 during midday trading on Friday, hitting $44.22. 4,213,500 shares of the company were exchanged, compared to its average volume of 2,858,654. Brookfield has a 52 week low of $28.84 and a 52 week high of $44.50. The firm's 50 day moving average price is $41.10 and its two-hundred day moving average price is $38.59. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The firm has a market capitalization of $72.61 billion, a P/E ratio of 71.32 and a beta of 1.48.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The business had revenue of $22.91 billion for the quarter. During the same period in the prior year, the business posted $0.72 earnings per share. As a group, equities research analysts anticipate that Brookfield will post 3.35 earnings per share for the current year.

Insider Activity at Brookfield

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business's stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the transaction, the director now directly owns 15,492,168 shares of the company's stock, valued at $175,526,263.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brookfield

Large investors have recently modified their holdings of the stock. Mckinley Capital Management LLC raised its holdings in shares of Brookfield by 0.9% in the first quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company's stock worth $1,367,000 after buying an additional 283 shares during the period. Checchi Capital Advisers LLC boosted its holdings in Brookfield by 4.5% in the first quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company's stock worth $277,000 after acquiring an additional 288 shares in the last quarter. Pembroke Management LTD increased its stake in Brookfield by 4.4% during the 1st quarter. Pembroke Management LTD now owns 7,339 shares of the company's stock valued at $307,000 after purchasing an additional 310 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Brookfield by 3.3% during the fourth quarter. M&T Bank Corp now owns 9,942 shares of the company's stock valued at $400,000 after buying an additional 314 shares during the last quarter. Finally, Fortis Group Advisors LLC increased its position in shares of Brookfield by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company's stock valued at $27,000 after acquiring an additional 337 shares during the period. Institutional investors own 61.60% of the company's stock.

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.