Brookfield (NYSE:BN) Rating Lowered to “Sell” at Wall Street Zen

Brookfield (NYSE:BN) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities analysts have also commented on BN. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $49.00 target price (up from $46.00) on shares of Brookfield in a research note on Wednesday, December 17th. Morgan Stanley set a $54.00 price target on shares of Brookfield and gave the company an “overweight” rating in a report on Monday, October 13th. TD Securities boosted their price target on shares of Brookfield from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.87.

Brookfield Price Performance

Shares of NYSE BN opened at $47.38 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.19 and a current ratio of 1.31. Brookfield has a fifty-two week low of $29.07 and a fifty-two week high of $49.56. The stock has a market cap of $117.35 billion, a PE ratio of 131.61 and a beta of 1.58. The stock has a fifty day moving average of $46.15 and a 200-day moving average of $45.21.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Brookfield had a return on equity of 3.92% and a net margin of 1.34%. Equities research analysts anticipate that Brookfield will post 3.85 earnings per share for the current year.

Institutional Investors Weigh In On Brookfield

Several hedge funds have recently added to or reduced their stakes in BN. Eldred Rock Partners LLC lifted its position in shares of Brookfield by 12.0% in the 3rd quarter. Eldred Rock Partners LLC now owns 317,056 shares of the company’s stock worth $21,744,000 after purchasing an additional 34,008 shares during the period. Citizens Financial Group Inc. RI increased its position in shares of Brookfield by 777.8% during the third quarter. Citizens Financial Group Inc. RI now owns 45,777 shares of the company’s stock valued at $3,139,000 after buying an additional 40,562 shares during the period. Creative Planning raised its stake in Brookfield by 10.1% in the second quarter. Creative Planning now owns 487,077 shares of the company’s stock worth $30,126,000 after buying an additional 44,822 shares in the last quarter. AGF Management Ltd. lifted its holdings in Brookfield by 7.2% in the second quarter. AGF Management Ltd. now owns 2,438,241 shares of the company’s stock worth $151,399,000 after buying an additional 164,124 shares during the period. Finally, Lone Pine Capital LLC purchased a new stake in Brookfield in the second quarter worth about $347,683,000. Institutional investors own 61.60% of the company’s stock.

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.