Brookfield (NYSE:BN) Earns Overweight Rating from Analysts at Morgan Stanley

Research analysts at Morgan Stanley started coverage on shares of Brookfield (NYSE:BN) in a research note issued to investors on Thursday,Benzinga reports. The brokerage set an “overweight” rating and a $80.00 price target on the stock. Morgan Stanley’s price target points to a potential upside of 30.96% from the stock’s previous close.

A number of other equities analysts have also weighed in on BN. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. CIBC boosted their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday. Finally, Scotiabank boosted their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.06.

Brookfield Stock Performance

BN opened at $61.09 on Thursday. The firm has a market cap of $100.54 billion, a P/E ratio of 129.97 and a beta of 1.56. Brookfield has a 1-year low of $38.18 and a 1-year high of $62.44. The company has a 50 day simple moving average of $58.30 and a two-hundred day simple moving average of $53.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03.

Institutional Investors Weigh In On Brookfield

Several institutional investors have recently made changes to their positions in the company. Asset Management Advisors LLC lifted its holdings in shares of Brookfield by 1.3% in the 4th quarter. Asset Management Advisors LLC now owns 225,273 shares of the company’s stock worth $12,942,000 after acquiring an additional 2,798 shares during the last quarter. Golden State Equity Partners lifted its holdings in Brookfield by 23.7% during the 4th quarter. Golden State Equity Partners now owns 5,307 shares of the company’s stock valued at $305,000 after buying an additional 1,018 shares in the last quarter. Spire Wealth Management bought a new stake in Brookfield during the 4th quarter valued at about $116,000. Factory Mutual Insurance Co. lifted its holdings in Brookfield by 34.5% during the 4th quarter. Factory Mutual Insurance Co. now owns 374,000 shares of the company’s stock valued at $21,486,000 after buying an additional 96,000 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in Brookfield by 41.6% during the 4th quarter. Caprock Group LLC now owns 17,466 shares of the company’s stock valued at $1,003,000 after buying an additional 5,134 shares in the last quarter. 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.