Brookfield (NYSE:BN) Downgraded by Zacks Research to “Strong Sell”

Brookfield (NYSE:BN) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently issued reports on BN. Royal Bank Of Canada lifted their price objective on shares of Brookfield from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Wall Street Zen downgraded Brookfield from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Morgan Stanley set a $54.00 price objective on Brookfield and gave the stock an “overweight” rating in a research note on Monday, October 13th. The Goldman Sachs Group assumed coverage on Brookfield in a research report on Tuesday, September 2nd. They set a “buy” rating and a $52.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.47.

Brookfield Price Performance

Shares of NYSE:BN opened at $45.64 on Thursday. Brookfield has a twelve month low of $29.07 and a twelve month high of $49.47. The stock’s 50 day moving average is $45.56 and its 200-day moving average is $43.89. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $112.99 billion, a price-to-earnings ratio of 126.76 and a beta of 1.57.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Sell-side analysts forecast that Brookfield will post 3.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vestmark Advisory Solutions Inc. raised its stake in shares of Brookfield by 45.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 17,501 shares of the company’s stock worth $917,000 after purchasing an additional 5,466 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in Brookfield in the first quarter worth about $4,812,000. American Century Companies Inc. boosted its stake in Brookfield by 4.6% in the first quarter. American Century Companies Inc. now owns 67,024 shares of the company’s stock valued at $3,508,000 after acquiring an additional 2,936 shares during the last quarter. Tocqueville Asset Management L.P. grew its position in shares of Brookfield by 0.7% during the 1st quarter. Tocqueville Asset Management L.P. now owns 55,852 shares of the company’s stock valued at $2,927,000 after acquiring an additional 410 shares during the period. Finally, Akre Capital Management LLC increased its stake in shares of Brookfield by 0.7% during the 1st quarter. Akre Capital Management LLC now owns 19,094,021 shares of the company’s stock worth $1,000,718,000 after purchasing an additional 124,842 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

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.