Brookfield Co. (NYSE:BN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Brookfield Co. (NYSE:BN) has earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $48.00.

BN has been the topic of a number of research reports. TD Securities boosted their price objective on Brookfield from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank boosted their price objective on Brookfield from $49.50 to $50.50 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reduced their price target on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Keefe, Bruyette & Woods reduced their price target on Brookfield from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Friday, July 12th.

Insider Activity

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $11.90, for a total value of $4,760,000.00. Following the completion of the sale, the director now owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.00% of the company’s stock.

Institutional Trading of Brookfield

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Brookfield by 1.9% in the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock worth $2,406,700,000 after acquiring an additional 1,063,110 shares in the last quarter. Capital World Investors increased its stake in shares of Brookfield by 5.1% during the first quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock worth $2,173,923,000 after purchasing an additional 2,497,509 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Brookfield by 16.2% during the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after purchasing an additional 3,702,266 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Brookfield by 1.3% during the first quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company’s stock worth $946,495,000 after purchasing an additional 299,029 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Brookfield by 7.3% during the 4th quarter. CIBC Asset Management Inc now owns 16,187,795 shares of the company’s stock valued at $651,399,000 after acquiring an additional 1,098,854 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE BN opened at $44.45 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35. Brookfield has a 12 month low of $28.84 and a 12 month high of $49.44. The stock has a 50 day moving average of $43.73 and a 200-day moving average of $42.17. The company has a market capitalization of $73.05 billion, a P/E ratio of 72.86 and a beta of 1.52.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The business had revenue of $22.91 billion during the quarter. During the same period in the previous year, the business posted $0.72 earnings per share. As a group, equities research analysts predict that Brookfield will post 3.35 EPS for the current year.

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.