Brookfield (NYSE:BN) Price Target Raised to $60.00 at TD

Brookfield (NYSE:BN) had its price target lifted by investment analysts at TD from $59.00 to $60.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price points to a potential upside of 33.99% from the company’s previous close.

A number of other research firms have also commented on BN. BMO Capital Markets lifted their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. National Bank Financial lifted their price target on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Royal Bank Of Canada lowered their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Stock Down 0.6%

NYSE:BN traded down $0.28 during mid-day trading on Tuesday, reaching $44.78. The stock had a trading volume of 2,190,784 shares, compared to its average volume of 5,892,372. The business’s 50 day moving average is $42.83 and its 200 day moving average is $44.91. Brookfield has a fifty-two week low of $37.54 and a fifty-two week high of $49.56. The stock has a market cap of $109.74 billion, a P/E ratio of 87.81 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.20.

Institutional Investors Weigh In On Brookfield

Several institutional investors and hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC increased its holdings in Brookfield by 49.9% in the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after buying an additional 213 shares during the period. Savant Capital LLC increased its holdings in Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after buying an additional 226 shares during the period. Meadow Creek Wealth Advisors LLC increased its holdings in Brookfield by 2.3% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock valued at $417,000 after buying an additional 234 shares during the period. State of Wyoming increased its holdings in Brookfield by 7.8% in the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after buying an additional 240 shares during the period. Finally, Hilltop National Bank increased its holdings in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the period. Institutional investors own 61.60% of the company’s stock.

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.