Brokerages Set Brookfield Co. (NYSE:BN) Price Target at $51.59

Shares of Brookfield Co. (NYSE:BN) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $51.59.

A number of equities analysts have recently issued reports on BN shares. JPMorgan Chase & Co. upped their target price on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. TD Securities upped their target price on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods upped their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Scotiabank upped their target price on shares of Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a research report on Friday, August 9th. Finally, BMO Capital Markets upped their target price on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th.

Brookfield Price Performance

Shares of Brookfield stock opened at $56.39 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $92.69 billion, a price-to-earnings ratio of 92.44 and a beta of 1.54. Brookfield has a 1-year low of $28.84 and a 1-year high of $56.68. The firm’s 50-day moving average price is $50.34 and its two-hundred day moving average price is $45.56.

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

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.57%. Brookfield’s dividend payout ratio is currently 52.46%.

Institutional Investors Weigh In On Brookfield

Several hedge funds have recently bought and sold shares of BN. Virtu Financial LLC raised its holdings in Brookfield by 19.2% in the fourth quarter. Virtu Financial LLC now owns 9,672 shares of the company’s stock worth $388,000 after purchasing an additional 1,557 shares during the period. Wellington Management Group LLP raised its holdings in Brookfield by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 1,100,913 shares of the company’s stock worth $44,202,000 after purchasing an additional 48,610 shares during the period. GAMMA Investing LLC raised its holdings in Brookfield by 161.8% in the first quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock worth $44,000 after purchasing an additional 647 shares during the period. Perpetual Ltd acquired a new stake in Brookfield in the first quarter worth $1,388,000. Finally, Park Avenue Securities LLC raised its holdings in Brookfield by 28.2% in the first quarter. Park Avenue Securities LLC now owns 31,391 shares of the company’s stock worth $1,315,000 after purchasing an additional 6,903 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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.