National Bank Financial Issues Positive Forecast for Brookfield (NYSE:BN) Stock Price

Brookfield (NYSE:BNFree Report) had its price target boosted by National Bank Financial from $58.00 to $60.00 in a research report report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

BN has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday. Scotiabank reissued an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a research report on Friday. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. BMO Capital Markets upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.40.

Get Our Latest Analysis on Brookfield

Brookfield Trading Down 4.3%

NYSE:BN opened at $45.48 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The firm has a 50-day moving average of $42.78 and a 200-day moving average of $44.94. The company has a market cap of $111.45 billion, a PE ratio of 89.17 and a beta of 1.55. Brookfield has a one year low of $37.54 and a one year high of $49.56.

Brookfield (NYSE:BNGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a net margin of 1.76% and a return on equity of 3.87%. As a group, equities research analysts expect that Brookfield will post 2.94 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is 57.14%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BN. MCF Advisors LLC purchased a new position in Brookfield in the fourth quarter worth about $26,000. Quattro Advisors LLC purchased a new position in Brookfield in the fourth quarter worth about $26,000. First Horizon Corp purchased a new position in Brookfield in the third quarter worth about $40,000. Exchange Traded Concepts LLC purchased a new position in Brookfield in the fourth quarter worth about $27,000. Finally, Truvestments Capital LLC raised its holdings in Brookfield by 49.9% in the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after buying an additional 213 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Key Brookfield News

Here are the key news stories impacting Brookfield this week:

About Brookfield

(Get Free Report)

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.

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