Brookfield Co. (NYSE:BN) Receives Average Recommendation of “Moderate Buy” from Analysts

Brookfield Co. (NYSE:BN) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $51.59.

A number of research firms have issued reports on BN. TD Securities upped their target price on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Scotiabank raised their price objective on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note on Friday, August 9th. Royal Bank of Canada dropped their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price target on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price objective on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th.

Brookfield Price Performance

BN opened at $54.32 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market capitalization of $89.28 billion, a P/E ratio of 89.18 and a beta of 1.54. The company’s 50 day simple moving average is $50.57 and its 200-day simple moving average is $45.67. Brookfield has a one year low of $28.84 and a one year high of $56.83.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The firm had revenue of $23.05 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company earned $0.75 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Brookfield will post 3.84 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.59%. Brookfield’s dividend payout ratio is presently 52.46%.

Institutional Investors Weigh In On Brookfield

Several large investors have recently modified their holdings of BN. Virtu Financial LLC grew its position in shares of Brookfield by 19.2% in the 4th quarter. Virtu Financial LLC now owns 9,672 shares of the company’s stock valued at $388,000 after purchasing an additional 1,557 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Brookfield by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 1,100,913 shares of the company’s stock valued at $44,202,000 after buying an additional 48,610 shares during the period. GAMMA Investing LLC increased its position in shares of Brookfield by 161.8% during the first quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock worth $44,000 after acquiring an additional 647 shares in the last quarter. Perpetual Ltd acquired a new stake in shares of Brookfield during the first quarter worth $1,388,000. Finally, Park Avenue Securities LLC lifted its position in Brookfield by 28.2% in the 1st quarter. Park Avenue Securities LLC now owns 31,391 shares of the company’s stock valued at $1,315,000 after acquiring an additional 6,903 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Company Profile

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.