Brookfield Corporation (NYSE:BN) Stock Has Average Target Price of $57.40

Brookfield Corporation (NYSE:BN) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $57.40.

A number of equities analysts have weighed in on BN shares. Morgan Stanley set a $59.00 price target on Brookfield and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Scotiabank reissued an “outperform” rating and set a $54.00 price target (up from $53.00) on shares of Brookfield in a report on Friday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Monday, September 21st. BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a report on Monday, July 27th. Finally, TD raised their target price on shares of Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, August 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. TT Capital Management LLC increased its holdings in Brookfield by 45.0% in the third quarter. TT Capital Management LLC now owns 39,300 shares of the company’s stock valued at $1,433,000 after purchasing an additional 12,200 shares during the period. Formuepleje A S acquired a new position in Brookfield in the third quarter valued at $738,000. Lipe & Dalton increased its holdings in Brookfield by 0.3% in the third quarter. Lipe & Dalton now owns 165,381 shares of the company’s stock worth $6,030,000 after purchasing an additional 551 shares in the last quarter. Triangle Securities Wealth Management boosted its holdings in shares of Brookfield by 2.6% during the 3rd quarter. Triangle Securities Wealth Management now owns 161,419 shares of the company’s stock worth $5,885,000 after buying an additional 4,090 shares in the last quarter. Finally, Mather Group LLC. increased its stake in shares of Brookfield by 31.6% in the 3rd quarter. Mather Group LLC. now owns 1,812 shares of the company’s stock valued at $66,000 after acquiring an additional 435 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Up 2.5%

BN opened at $36.83 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. Brookfield has a twelve month low of $35.61 and a twelve month high of $49.56. The firm’s fifty day moving average is $39.37 and its two-hundred day moving average is $42.43. The firm has a market cap of $90.31 billion, a PE ratio of 66.97 and a beta of 1.56.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Equities research analysts anticipate that Brookfield will post 2.93 EPS for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were given a $0.07 dividend. The ex-dividend date was Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. Brookfield’s payout ratio is presently 50.91%.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company with interests in real assets and related operating businesses. Through its platforms and affiliates, the company invests in and manages assets across renewable power and energy transition, infrastructure, real estate, private equity, and other alternative investment strategies.

Brookfield’s businesses develop, own, operate, and finance essential assets, including renewable energy facilities, utilities, transportation networks, data infrastructure, commercial and residential real estate, and industrial and business services companies.