Royal Bank Of Canada assumed coverage on shares of Brookfield (NYSE:BN - Get Free Report) in a research report issued on Wednesday. The firm set a "top pick" rating and a $81.00 price target on the stock. Royal Bank Of Canada's price target indicates a potential upside of 39.90% from the company's current price.
A number of other research firms have also recently weighed in on BN. JPMorgan Chase & Co. cut their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen raised Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. TD Securities lowered their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Scotiabank reduced their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $66.13.
Check Out Our Latest Report on Brookfield
Brookfield Price Performance
Shares of NYSE BN opened at $57.90 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18. The firm has a market capitalization of $95.42 billion, a PE ratio of 206.78 and a beta of 1.66. Brookfield has a 1-year low of $40.04 and a 1-year high of $62.78. The business's fifty day moving average price is $55.48 and its two-hundred day moving average price is $56.16.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. On average, research analysts expect that Brookfield will post 3.85 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Brookfield by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 78,682 shares of the company's stock valued at $4,520,000 after acquiring an additional 974 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Brookfield by 6,011.4% in the 1st quarter. GAMMA Investing LLC now owns 119,600 shares of the company's stock worth $6,268,000 after purchasing an additional 117,643 shares in the last quarter. Regents of The University of California bought a new stake in shares of Brookfield in the 4th quarter worth approximately $154,140,000. SVB Wealth LLC acquired a new stake in Brookfield during the fourth quarter valued at approximately $210,000. Finally, American Century Companies Inc. boosted its holdings in Brookfield by 3.6% during the fourth quarter. American Century Companies Inc. now owns 64,088 shares of the company's stock worth $3,684,000 after buying an additional 2,200 shares in the last quarter. Institutional investors own 61.60% of the company's stock.
Brookfield Company Profile
(
Get Free Report)
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.
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