Brookfield Co. (NYSE:BN) Receives $60.06 Average Price Target from Analysts

Shares of Brookfield Co. (NYSE:BNGet Free Report) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $60.06.

A number of research analysts have commented on the company. Morgan Stanley assumed coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Scotiabank increased their price target on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th.

Read Our Latest Stock Analysis on Brookfield

Institutional Trading of Brookfield

Hedge funds and other institutional investors have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Brookfield by 131.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after purchasing an additional 263,375 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Brookfield by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after purchasing an additional 9,915 shares during the period. Geode Capital Management LLC raised its stake in shares of Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after purchasing an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after purchasing an additional 351,231 shares during the period. Finally, Partners Group Holding AG raised its stake in shares of Brookfield by 53.5% in the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after purchasing an additional 142,603 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Up 0.5 %

Shares of BN opened at $60.40 on Friday. The firm has a market capitalization of $99.41 billion, a price-to-earnings ratio of 128.52 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The business’s fifty day moving average price is $58.45 and its two-hundred day moving average price is $53.43. Brookfield has a 52 week low of $38.18 and a 52 week high of $62.44.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s payout ratio is presently 68.09%.

Brookfield Company Profile

(Get Free Report

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.

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Analyst Recommendations for Brookfield (NYSE:BN)

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