Brookfield Corporation (NYSE:BN) Receives $53.87 Average Target Price from Analysts

Shares of Brookfield Corporation (NYSE:BN) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $53.8667.

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Brookfield from $48.67 to $55.33 and gave the company an “overweight” rating in a research note on Friday, October 3rd. CIBC reiterated an “outperform” rating and issued a $52.00 price target (up previously from $50.67) on shares of Brookfield in a report on Friday, November 14th. Zacks Research downgraded Brookfield from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Morgan Stanley set a $54.00 price target on shares of Brookfield and gave the company an “overweight” rating in a research report on Monday, October 13th.

Hedge Funds Weigh In On Brookfield

Several large investors have recently added to or reduced their stakes in the business. Hilltop National Bank bought a new stake in Brookfield during the 2nd quarter worth approximately $30,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Brookfield during the second quarter valued at approximately $32,000. Ameritas Advisory Services LLC bought a new stake in Brookfield during the second quarter worth $33,000. Cary Street Partners Investment Advisory LLC raised its position in Brookfield by 109.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock valued at $39,000 after buying an additional 330 shares during the last quarter. Finally, First Horizon Corp bought a new position in Brookfield during the 3rd quarter valued at $40,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE:BN opened at $47.26 on Friday. The company has a fifty day moving average of $46.06 and a 200-day moving average of $45.08. The firm has a market capitalization of $117.06 billion, a P/E ratio of 131.29 and a beta of 1.58. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. Brookfield has a twelve month low of $29.07 and a twelve month high of $49.56.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.58 billion. As a group, sell-side analysts anticipate that Brookfield will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, December 16th. Brookfield’s dividend payout ratio (DPR) is currently 66.67%.

Brookfield Company Profile

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.