Brookfield (NYSE:BN) Lowered to "Sell" Rating by Wall Street Zen

Brookfield (NYSE:BN - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Other equities analysts also recently issued reports about the stock. CIBC reduced their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Scotiabank reduced their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. TD Securities lowered their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. decreased their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Brookfield has a consensus rating of "Moderate Buy" and a consensus price target of $66.13.

Brookfield Trading Down 1.3%

Shares of Brookfield stock traded down $0.84 on Friday, hitting $63.12. 1,665,521 shares of the company traded hands, compared to its average volume of 2,455,328. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The company has a market cap of $104.02 billion, a PE ratio of 225.43 and a beta of 1.66. The stock's 50 day moving average price is $59.35 and its 200-day moving average price is $56.54. Brookfield has a 52 week low of $42.21 and a 52 week high of $64.55.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BN. BTC Capital Management Inc. acquired a new stake in shares of Brookfield in the second quarter worth $5,698,000. Farther Finance Advisors LLC grew its position in Brookfield by 10.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,650 shares of the company's stock worth $349,000 after purchasing an additional 515 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of Brookfield during the 2nd quarter valued at about $215,000. Essex Savings Bank lifted its holdings in shares of Brookfield by 10.5% in the 2nd quarter. Essex Savings Bank now owns 5,609 shares of the company's stock valued at $347,000 after buying an additional 534 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Brookfield in the second quarter worth about $218,000. 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.