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

Brookfield Co. (NYSE:BN) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $64.00.

Several research analysts recently issued reports on BN shares. TD Securities raised their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Scotiabank lifted their price objective on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. CIBC upped their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th.

Hedge Funds Weigh In On Brookfield

Several hedge funds and other institutional investors have recently made changes to their positions in BN. Norges Bank purchased a new stake in Brookfield during the 4th quarter valued at about $973,591,000. Baillie Gifford & Co. grew its position in Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock worth $211,159,000 after acquiring an additional 3,271,403 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after purchasing an additional 2,818,716 shares during the last quarter. Regents of The University of California acquired a new stake in shares of Brookfield during the fourth quarter valued at about $154,140,000. Finally, Geode Capital Management LLC increased its holdings in Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock valued at $460,489,000 after purchasing an additional 1,930,218 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 1.3 %

Brookfield stock opened at $60.53 on Thursday. Brookfield has a one year low of $38.18 and a one year high of $62.78. The stock has a market cap of $99.64 billion, a PE ratio of 201.76 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The stock has a 50-day moving average of $58.53 and a two-hundred day moving average of $54.86.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, research analysts anticipate that Brookfield will post 3.9 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, March 14th. Brookfield’s payout ratio is 106.67%.

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.