Brookfield (NYSE:BN) Sets New 1-Year Low - Time to Sell?

Key Points

• Brookfield shares fell to a new 52-week low of $36.08, trading below their 50-day and 200-day moving averages, despite a market capitalization of approximately $89.4 billion.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $57.40—well above the recent trading price. Ratings include one Strong Buy, ten Buys, and two Holds.
• Brookfield recently exceeded quarterly EPS expectations, reporting $0.66 versus the $0.62 consensus estimate, and pays a quarterly dividend of $0.07 per share, representing a 0.8% yield.

Brookfield Corporation (NYSE:BN - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as $36.08 and last traded at $36.4550, with a volume of 5606451 shares traded. The stock had previously closed at $36.27.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BN shares. Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the company an "overweight" rating in a research report on Tuesday, July 21st. BMO Capital Markets upgraded shares of Brookfield to a "strong-buy" rating in a report on Monday, July 27th. Scotiabank reissued an "outperform" rating and issued a $54.00 price objective (up from $53.00) on shares of Brookfield in a research note on Friday, August 14th. Scotia increased their price objective on Brookfield from $53.00 to $54.00 and gave the company a "sector outperform" rating in a report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Brookfield in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.40.

Brookfield Stock Up 0.5%

The firm's 50 day moving average price is $40.79 and its two-hundred day moving average price is $42.63. The company has a market cap of $89.38 billion, a P/E ratio of 66.28 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34.

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

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. Brookfield's payout ratio is currently 50.91%.

Institutional Investors Weigh In On Brookfield

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors lifted its position in shares of Brookfield by 47.0% during the fourth quarter. Capital Research Global Investors now owns 2,134,876 shares of the company's stock valued at $98,022,000 after purchasing an additional 682,137 shares in the last quarter. Cardinal Capital Management Inc. grew its position in Brookfield by 2.5% in the 2nd quarter. Cardinal Capital Management Inc. now owns 3,247,627 shares of the company's stock worth $138,287,000 after purchasing an additional 80,738 shares in the last quarter. Headlands Technologies LLC increased its stake in Brookfield by 181.4% in the 2nd quarter. Headlands Technologies LLC now owns 91,785 shares of the company's stock valued at $3,909,000 after buying an additional 59,166 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in Brookfield by 1.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 13,903,270 shares of the company's stock valued at $595,676,000 after buying an additional 248,479 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Brookfield by 520.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 47,684 shares of the company's stock worth $2,031,000 after buying an additional 39,994 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Company Profile

Brookfield Corporation NYSE: BN is a global investment and asset management company with interests in real assets and related operating businesses. Through its platforms and affiliates, the company invests in and manages assets across renewable power and energy transition, infrastructure, real estate, private equity, and other alternative investment strategies.

Brookfield's businesses develop, own, operate, and finance essential assets, including renewable energy facilities, utilities, transportation networks, data infrastructure, commercial and residential real estate, and industrial and business services companies.

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