Brookfield Corporation (BN) – What Are Analysts Saying About This Stock?

Brookfield Corporation (NYSE:BN) has been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $57.40.

A number of analysts have weighed in on BN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Monday, September 21st. Scotia boosted their target price on shares of Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a report on Friday, August 14th. Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Scotiabank restated an “outperform” rating and set a $54.00 price objective (up from $53.00) on shares of Brookfield in a report on Friday, August 14th. Finally, BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a research report on Monday, July 27th.

Brookfield Stock Performance

Shares of NYSE:BN opened at $36.58 on Tuesday. Brookfield has a 12-month low of $35.61 and a 12-month high of $49.56. The company’s 50 day moving average price is $39.22 and its two-hundred day moving average price is $42.38. The firm has a market cap of $89.70 billion, a PE ratio of 66.51 and a beta of 1.56. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. Equities research analysts predict that Brookfield will post 2.93 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, September 14th. Brookfield’s payout ratio is presently 50.91%.

Institutional Investors Weigh In On Brookfield

Institutional investors have recently added to or reduced their stakes in the business. Cardinal Capital Management Inc. increased its position in shares of Brookfield by 2.5% in the second quarter. Cardinal Capital Management Inc. now owns 3,247,627 shares of the company’s stock worth $138,287,000 after purchasing an additional 80,738 shares during the last quarter. Headlands Technologies LLC lifted its position in Brookfield by 181.4% during the second quarter. Headlands Technologies LLC now owns 91,785 shares of the company’s stock valued at $3,909,000 after purchasing an additional 59,166 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in Brookfield by 1.8% during the second quarter. TD Waterhouse Canada Inc. now owns 13,903,270 shares of the company’s stock valued at $595,676,000 after purchasing an additional 248,479 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Brookfield by 520.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 47,684 shares of the company’s stock worth $2,031,000 after buying an additional 39,994 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Brookfield in the 2nd quarter worth approximately $5,498,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield’s portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.