Brookfield (NYSE:BN) Price Target Raised to $52.00 at CIBC

Brookfield (NYSE:BN) had its price target increased by research analysts at CIBC from $50.67 to $52.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has an “outperformer” rating on the stock. CIBC’s target price suggests a potential upside of 18.80% from the company’s current price.

Several other equities research analysts also recently weighed in on BN. National Bankshares set a $54.67 price target on shares of Brookfield and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Brookfield in a report on Wednesday, October 8th. Scotiabank boosted their target price on shares of Brookfield from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Morgan Stanley set a $54.00 price target on Brookfield and gave the company an “overweight” rating in a report on Monday, October 13th. Finally, Zacks Research lowered Brookfield from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $53.47.

Brookfield Stock Down 0.0%

Shares of NYSE BN traded down $0.01 during trading on Friday, reaching $43.77. The company had a trading volume of 3,791,811 shares, compared to its average volume of 3,843,453. Brookfield has a 12-month low of $29.07 and a 12-month high of $49.47. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. The business’s 50-day moving average is $45.68 and its 200 day moving average is $42.76. The stock has a market cap of $108.33 billion, a PE ratio of 152.43 and a beta of 1.73.

Hedge Funds Weigh In On Brookfield

A number of hedge funds have recently modified their holdings of the company. Hilltop National Bank bought a new position in Brookfield in the 2nd quarter worth $30,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Brookfield during the 2nd quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new position in shares of Brookfield during the second quarter valued at about $33,000. First Horizon Corp bought a new stake in Brookfield in the 3rd quarter worth approximately $40,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 acquiring an additional 330 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

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.