Brookfield (NYSE:BN) Price Target Cut to $59.00 by Analysts at Royal Bank Of Canada

Brookfield (NYSE:BN) had its price objective reduced by Royal Bank Of Canada from $61.00 to $59.00 in a research note published on Friday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the stock. Scotiabank reissued an “outperform” rating and issued a $54.00 price objective (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. Scotia lifted their price objective on shares of Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 14th. Zacks Research cut shares of Brookfield from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $56.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 10th. Finally, TD increased their target price on Brookfield from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.11.

Brookfield Stock Down 1.6%

Shares of Brookfield stock traded down $0.67 on Friday, reaching $40.97. 3,516,641 shares of the company were exchanged, compared to its average volume of 5,157,796. The stock’s 50 day moving average price is $38.34 and its 200-day moving average price is $42.33. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. Brookfield has a 1-year low of $35.61 and a 1-year high of $49.56. The company has a market cap of $100.49 billion, a P/E ratio of 40.57 and a beta of 1.53.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, November 12th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. Brookfield had a net margin of 3.19% and a return on equity of 4.06%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. As a group, equities analysts forecast that Brookfield will post 2.88 EPS for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, December 16th. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s payout ratio is presently 50.91%.

Hedge Funds Weigh In On Brookfield

Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming raised its position in shares of Brookfield by 6.0% during the 1st quarter. State of Wyoming now owns 5,151 shares of the company’s stock valued at $208,000 after acquiring an additional 290 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in Brookfield by 2.6% during the second quarter. Central Pacific Bank Trust Division now owns 11,800 shares of the company’s stock worth $503,000 after purchasing an additional 300 shares during the last quarter. West Family Investments Inc. lifted its stake in Brookfield by 4.0% during the second quarter. West Family Investments Inc. now owns 7,890 shares of the company’s stock worth $336,000 after purchasing an additional 304 shares during the last quarter. Gould Asset Management LLC CA boosted its holdings in Brookfield by 3.6% in the first quarter. Gould Asset Management LLC CA now owns 8,834 shares of the company’s stock worth $358,000 after purchasing an additional 310 shares during the period. Finally, Modera Wealth Management LLC boosted its holdings in Brookfield by 5.0% in the third quarter. Modera Wealth Management LLC now owns 6,737 shares of the company’s stock worth $246,000 after purchasing an additional 322 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield News Roundup

These are some of the BN news items that stood out recently:

• Positive Sentiment: Management highlighted AI infrastructure opportunities, record fundraising, insurance growth and the potential for higher carried interest in 2027. Separately, Brookfield said its insurance business grew earnings 22% and has nearly $200 billion in assets—potential drivers of future growth. Brookfield Q3 Earnings Call Highlights AI, Insurance & Carry Growth
• Positive Sentiment: Brookfield repurchased about $900 million of its shares year to date, providing a source of shareholder support. Brookfield Corporation Reports 16% Increase in Earnings
• Negative Sentiment: RBC lowered its price target to $59 from $61, a modest reduction in its valuation outlook, though it maintained an “outperform” rating. RBC price-target update

Brookfield Company Profile

Brookfield Corporation is a global investment and operating company focused on owning and managing businesses and assets in sectors including renewable power, infrastructure, real estate, private equity and credit. It invests directly and through its asset management business, Brookfield Asset Management, which serves institutional and individual investors. The company’s operations and investments span multiple regions, including North America, South America, Europe and Asia-Pacific. Its portfolio includes renewable energy facilities, transportation and utility infrastructure, commercial and residential real estate, and businesses in a range of industries.