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

Shares of Brookfield Co. (NYSE:BN) have earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $63.00.

Several research analysts have weighed in on the stock. CIBC decreased their price objective on shares of Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a report on Friday, May 9th. Scotiabank decreased their price objective on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a report on Monday, April 7th. Morgan Stanley reissued an “overweight” rating on shares of Brookfield in a report on Monday, May 19th. TD Securities decreased their price objective on shares of Brookfield from $77.00 to $74.00 and set a “buy” rating for the company in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 17th.

Brookfield Stock Up 1.3%

BN stock opened at $58.88 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The firm has a 50 day simple moving average of $54.00 and a 200-day simple moving average of $56.22. The company has a market capitalization of $97.01 billion, a P/E ratio of 196.27 and a beta of 1.66. Brookfield has a twelve month low of $39.97 and a twelve month high of $62.78.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, equities research analysts predict that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield’s dividend payout ratio (DPR) is presently 128.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Wealth Partners Ltd. boosted its stake in Brookfield by 1.7% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company’s stock valued at $618,000 after purchasing an additional 170 shares during the period. Haverford Trust Co boosted its stake in Brookfield by 4.7% during the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company’s stock valued at $247,000 after purchasing an additional 192 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Brookfield by 1.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company’s stock valued at $955,000 after purchasing an additional 197 shares during the period. Pittenger & Anderson Inc. boosted its stake in Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after purchasing an additional 203 shares during the period. Finally, Checchi Capital Advisers LLC boosted its stake in Brookfield by 2.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 7,375 shares of the company’s stock valued at $387,000 after purchasing an additional 209 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

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.