TD Issues Positive Forecast for Brookfield (NYSE:BN) Stock Price

Brookfield (NYSE:BN) had its target price increased by TD from $60.00 to $61.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also commented on BN. Royal Bank Of Canada decreased their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. TD Securities reiterated a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. National Bank Financial upped their price objective on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Scotiabank reissued an “outperform” rating and set a $54.00 target price (up from $53.00) on shares of Brookfield in a research note on Friday. Finally, Scotia lifted their price target on shares of Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Brookfield has a consensus rating of “Buy” and an average price target of $56.91.

Brookfield Trading Down 2.8%

Shares of Brookfield stock opened at $43.83 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average is $43.63 and its 200-day moving average is $43.95. Brookfield has a 12-month low of $37.93 and a 12-month high of $49.56. The stock has a market cap of $107.46 billion, a P/E ratio of 79.69 and a beta of 1.54.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.94%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Equities research analysts predict that Brookfield will post 2.99 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, September 14th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s dividend payout ratio is presently 54.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BN. MCF Advisors LLC purchased a new position in Brookfield during the fourth quarter worth about $26,000. Quattro Advisors LLC purchased a new stake in Brookfield in the 4th quarter valued at about $26,000. Truvestments Capital LLC lifted its position in shares of Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after buying an additional 213 shares in the last quarter. New England Capital Financial Advisors LLC boosted its stake in shares of Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares during the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of Brookfield during the fourth quarter valued at approximately $35,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Brookfield

Here are the key news stories impacting Brookfield this week:

• Positive Sentiment: Analysts raised their outlook. TD increased its price target from $60 to $61 and assigned a “buy” rating, implying approximately 40% upside. Scotiabank also raised its target from $53 to $54 and reiterated a “sector outperform” rating, implying roughly 24% upside. BayStreet analyst ratings
• Positive Sentiment: Underlying earnings and fundraising were strong. Second-quarter distributable earnings per share rose 15% to $0.66, exceeding the $0.62 consensus estimate. Brookfield reported record quarterly fundraising of $77 billion, $672 billion of fee-bearing capital and a record $210 billion of deployable capital. Fee-related earnings increased 20%, while Wealth Solutions earnings rose 23%. Brookfield second-quarter earnings release
• Positive Sentiment: Capital returns and strategic expansion provide support. Brookfield repurchased approximately $580 million of Class A shares year to date at an average price of $42, completed the Oaktree and Just Group acquisitions, and declared a quarterly dividend of $0.07 per share payable September 29, 2026.
• Neutral Sentiment: Corporate simplification remains an important watch item. Shareholders approved a transaction converting existing shares into New BN shares by jurisdiction. The change may ultimately streamline the structure, but investors are assessing implementation, tax considerations and the integration of recent acquisitions.
• Negative Sentiment: Reported net income declined. Consolidated net income fell to $703 million from $1.055 billion a year earlier, although net income attributable to Brookfield shareholders increased to $364 million from $272 million. The mixed results may have encouraged profit-taking after the earnings release, particularly because strong growth and fundraising may already have been reflected in the valuation.

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.