Brookfield (NYSE:BN) Now Covered by Royal Bank Of Canada

Research analysts at Royal Bank Of Canada began coverage on shares of Brookfield (NYSE:BN - Get Free Report) in a report released on Wednesday, MarketBeat reports. The firm set an "outperform" rating and a $81.00 price target on the stock. Royal Bank Of Canada's price objective points to a potential upside of 37.63% from the stock's current price.

A number of other research firms have also recently weighed in on BN. Wall Street Zen upgraded Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. TD Securities cut their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Scotiabank cut their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.13.

Brookfield Trading Down 1.1%

Shares of BN traded down $0.63 during midday trading on Wednesday, hitting $58.85. 2,238,209 shares of the stock were exchanged, compared to its average volume of 2,608,946. Brookfield has a 52-week low of $40.59 and a 52-week high of $62.78. The stock has a fifty day simple moving average of $56.11 and a 200 day simple moving average of $56.12. The firm has a market cap of $96.99 billion, a P/E ratio of 210.19 and a beta of 1.66. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. On average, research analysts anticipate that Brookfield will post 3.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookfield

Several large investors have recently modified their holdings of BN. Allspring Global Investments Holdings LLC increased its stake 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 buying an additional 974 shares during the period. Van ECK Associates Corp acquired a new position in shares of Brookfield during the fourth quarter worth about $341,000. Sanctuary Advisors LLC increased its stake in shares of Brookfield by 8.8% during the fourth quarter. Sanctuary Advisors LLC now owns 43,674 shares of the company's stock worth $2,715,000 after acquiring an additional 3,514 shares during the period. Truist Financial Corp raised its holdings in Brookfield by 140.5% during the fourth quarter. Truist Financial Corp now owns 311,449 shares of the company's stock worth $17,893,000 after purchasing an additional 181,950 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in Brookfield in the fourth quarter valued at about $694,000. Hedge funds and other 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.