Brookfield Corporation (NYSE:BN) Receives $66.13 Average PT from Brokerages

Brookfield Corporation (NYSE:BN) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $66.13.

Several research analysts recently weighed in on BN shares. TD Securities reduced their price target on shares of Brookfield from $77.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, May 5th. CIBC reduced their target price on Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a report on Friday, May 9th. Morgan Stanley restated an “overweight” rating on shares of Brookfield in a research report on Monday, May 19th. Wall Street Zen cut Brookfield from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th. Finally, Royal Bank Of Canada assumed coverage on Brookfield in a research note on Wednesday, June 18th. They issued an “outperform” rating and a $81.00 price objective for the company.

Brookfield Trading Up 0.2%

Shares of BN stock opened at $67.59 on Friday. Brookfield has a 1-year low of $42.21 and a 1-year high of $68.75. The company has a market cap of $111.43 billion, a price-to-earnings ratio of 241.38 and a beta of 1.66. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18. The stock has a 50 day simple moving average of $61.11 and a 200-day simple moving average of $57.16.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. On average, equities research analysts expect that Brookfield will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.53%. Brookfield’s dividend payout ratio is presently 128.57%.

Hedge Funds Weigh In On Brookfield

A number of institutional investors have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Brookfield during the 1st quarter worth $26,000. North Capital Inc. acquired a new stake in Brookfield during the first quarter worth about $27,000. ST Germain D J Co. Inc. acquired a new stake in Brookfield during the first quarter worth about $28,000. CoreCap Advisors LLC purchased a new position in Brookfield during the fourth quarter worth about $29,000. Finally, Hilltop National Bank acquired a new position in Brookfield in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

About Brookfield

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.