Brookfield (NYSE:BN) Price Target Raised to $59.00

Brookfield (NYSE:BN) had its price target hoisted by National Bankshares from $56.00 to $59.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 28.38% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. CIBC reissued an “outperform” rating and issued a $52.00 price target (up previously from $50.67) on shares of Brookfield in a research report on Friday, November 14th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets reiterated an “outperform” rating and issued a $49.00 price objective (up previously from $46.00) on shares of Brookfield in a research note on Wednesday, December 17th. Finally, Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $54.70.

Brookfield Trading Up 3.0%

BN stock traded up $1.33 during midday trading on Wednesday, hitting $45.96. 4,589,765 shares of the company’s stock were exchanged, compared to its average volume of 5,060,849. Brookfield has a 1-year low of $29.07 and a 1-year high of $49.56. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $113.83 billion, a PE ratio of 127.38 and a beta of 1.57. The business has a 50-day simple moving average of $46.59 and a two-hundred day simple moving average of $45.51.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. On average, sell-side analysts predict that Brookfield will post 3.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in shares of Brookfield by 4.1% in the 2nd quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock worth $268,000 after purchasing an additional 172 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Brookfield by 7.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock valued at $183,000 after acquiring an additional 197 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Brookfield by 6.5% during the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after acquiring an additional 226 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of Brookfield by 3.2% in the second quarter. Advisors Capital Management LLC now owns 7,440 shares of the company’s stock worth $460,000 after purchasing an additional 230 shares in the last quarter. Finally, State of Wyoming grew its position in Brookfield by 7.8% during the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

About Brookfield

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.