Brokerages Set Brookfield Corporation (NYSE:BN) PT at $75.70

Brookfield Corporation (NYSE:BN) has earned an average rating of “Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $76.70.

A number of analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Brookfield from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. National Bankshares set a $82.00 price objective on Brookfield and gave the company an “outperform” rating in a research report on Tuesday, July 29th. BMO Capital Markets upped their price objective on Brookfield from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, The Goldman Sachs Group started coverage on Brookfield in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $78.00 price target for the company.

Institutional Trading of Brookfield

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Brookfield in the first quarter worth about $26,000. North Capital Inc. purchased a new stake in shares of Brookfield during the first quarter worth about $27,000. ST Germain D J Co. Inc. purchased a new stake in shares of Brookfield during the first quarter worth about $28,000. Hilltop National Bank purchased a new stake in shares of Brookfield during the second quarter worth about $30,000. Finally, Golden State Wealth Management LLC grew its position in shares of Brookfield by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 592 shares of the company’s stock worth $31,000 after purchasing an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.5%

BN stock opened at $67.71 on Friday. Brookfield has a 1-year low of $43.61 and a 1-year high of $74.20. The business has a fifty day moving average price of $67.13 and a 200-day moving average price of $60.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18. The stock has a market capitalization of $111.67 billion, a P/E ratio of 157.47 and a beta of 1.75.

Brookfield shares are scheduled to split on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, October 9th.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). Brookfield had a return on equity of 3.77% and a net margin of 1.11%.The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Equities analysts forecast that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were given a $0.09 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. Brookfield’s dividend payout ratio is presently 83.72%.

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.