Brookfield (NYSE:BN) Price Target Raised to $53.00 at Scotiabank

Brookfield (NYSE:BNFree Report) had its price objective lifted by Scotiabank from $48.50 to $53.00 in a research report report published on Friday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Several other brokerages also recently weighed in on BN. Royal Bank Of Canada decreased their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. National Bank Financial increased their price target on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, BMO Capital Markets increased their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.40.

Get Our Latest Analysis on Brookfield

Brookfield Stock Performance

Shares of BN opened at $45.48 on Friday. Brookfield has a 12-month low of $37.54 and a 12-month high of $49.56. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The company’s 50 day simple moving average is $42.78 and its 200-day simple moving average is $44.94. The firm has a market cap of $111.45 billion, a PE ratio of 89.17 and a beta of 1.55.

Brookfield (NYSE:BNGet Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Brookfield had a return on equity of 3.87% and a net margin of 1.76%.The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. As a group, equities analysts predict that Brookfield will post 2.94 EPS for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is currently 57.14%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Chemistry Wealth Management LLC increased its position in shares of Brookfield by 51.6% in the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock valued at $20,082,000 after buying an additional 148,893 shares in the last quarter. Triasima Portfolio Management inc. boosted its stake in shares of Brookfield by 9.0% during the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock valued at $19,825,000 after acquiring an additional 23,923 shares during the last quarter. PCJ Investment Counsel Ltd. boosted its stake in shares of Brookfield by 110.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after acquiring an additional 122,040 shares during the last quarter. Florida Trust Wealth Management Co boosted its stake in shares of Brookfield by 49.0% during the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock valued at $53,986,000 after acquiring an additional 387,068 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Brookfield by 49.5% during the third quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock valued at $45,817,000 after acquiring an additional 221,078 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield News Summary

Here are the key news stories impacting Brookfield this week:

Brookfield Company Profile

(Get Free Report)

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.

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Analyst Recommendations for Brookfield (NYSE:BN)

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