Brookfield Co. (NYSE:BN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Brookfield Co. (NYSE:BN) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $51.59.

BN has been the topic of several recent analyst reports. TD Securities boosted their price objective on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. boosted their price objective on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price objective on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada cut their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Scotiabank upped their target price on Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a report on Friday, August 9th.

Brookfield Stock Performance

BN stock opened at $54.28 on Friday. The company has a market capitalization of $89.22 billion, a P/E ratio of 88.98 and a beta of 1.54. The company has a 50-day simple moving average of $51.05 and a 200 day simple moving average of $45.88. Brookfield has a fifty-two week low of $28.84 and a fifty-two week high of $56.83. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The company had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company earned $0.75 EPS. Brookfield’s revenue was down 2.6% on a year-over-year basis. Sell-side analysts predict that Brookfield will post 3.84 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. Brookfield’s payout ratio is currently 52.46%.

Institutional Investors Weigh In On Brookfield

A number of large investors have recently added to or reduced their stakes in BN. Blue Trust Inc. boosted its position in shares of Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC acquired a new stake in shares of Brookfield in the second quarter valued at $31,000. Family Firm Inc. acquired a new stake in shares of Brookfield in the second quarter valued at $36,000. Salem Investment Counselors Inc. acquired a new stake in shares of Brookfield in the first quarter valued at $42,000. Finally, GAMMA Investing LLC increased its stake in shares of Brookfield by 161.8% in the first quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock valued at $44,000 after buying an additional 647 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

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.