Brookfield Corporation (NYSE:BN) Receives Average Rating of “Buy” from Analysts

Shares of Brookfield Corporation (NYSE:BN) have earned an average rating of “Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $54.70.

BN has been the topic of several recent analyst reports. Royal Bank Of Canada set a $58.00 price objective on shares of Brookfield and gave the company an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. BMO Capital Markets reiterated an “outperform” rating and issued a $49.00 price target (up previously from $46.00) on shares of Brookfield in a research note on Wednesday, December 17th. Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, TD Securities lifted their target price on Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 14th.

Brookfield Price Performance

Shares of Brookfield stock opened at $45.85 on Thursday. The company has a market capitalization of $113.56 billion, a price-to-earnings ratio of 127.36 and a beta of 1.57. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. The stock’s 50-day simple moving average is $46.57 and its 200-day simple moving average is $45.51. Brookfield has a 52 week low of $29.07 and a 52 week high of $49.56.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Brookfield had a return on equity of 3.92% and a net margin of 1.34%.The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. As a group, analysts expect that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Brookfield’s payout ratio is presently 66.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Triasima Portfolio Management inc. boosted its stake in Brookfield by 9.0% in the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock valued at $19,825,000 after acquiring an additional 23,923 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Brookfield by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock worth $3,487,338,000 after purchasing an additional 799,440 shares in the last quarter. Eldred Rock Partners LLC grew its stake in Brookfield by 12.0% during the 3rd quarter. Eldred Rock Partners LLC now owns 317,056 shares of the company’s stock worth $21,744,000 after buying an additional 34,008 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in Brookfield by 777.8% in the third quarter. Citizens Financial Group Inc. RI now owns 45,777 shares of the company’s stock valued at $3,139,000 after buying an additional 40,562 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Brookfield by 48.5% in the third quarter. Chicago Partners Investment Group LLC now owns 429,805 shares of the company’s stock worth $29,476,000 after acquiring an additional 140,383 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Company Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.