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

Brookfield Co. (NYSE:BN) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $64.00.

A number of analysts have commented on the stock. CIBC increased their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target for the company. Finally, TD Securities upped their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th.

Institutional Trading of Brookfield

Hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank increased its position in Brookfield by 8.8% during the 3rd quarter. Huntington National Bank now owns 5,445 shares of the company’s stock worth $289,000 after buying an additional 439 shares during the period. Coastline Trust Co bought a new position in Brookfield during the third quarter worth about $74,000. Sather Financial Group Inc raised its stake in Brookfield by 0.3% in the 3rd quarter. Sather Financial Group Inc now owns 1,543,740 shares of the company’s stock worth $82,050,000 after purchasing an additional 4,639 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Brookfield in the 3rd quarter valued at about $223,000. Finally, Jackson Hill Advisors LLC grew its position in shares of Brookfield by 8.9% during the 3rd quarter. Jackson Hill Advisors LLC now owns 501,000 shares of the company’s stock worth $26,628,000 after purchasing an additional 41,000 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of NYSE BN opened at $50.42 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The business has a 50-day moving average of $57.49 and a 200-day moving average of $55.88. The stock has a market capitalization of $82.99 billion, a price-to-earnings ratio of 168.06 and a beta of 1.65. Brookfield has a fifty-two week low of $38.18 and a fifty-two week high of $62.78.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, sell-side analysts predict that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

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.