Shares of Brookfield Corporation (NYSE:BN – Free Report) are scheduled to split before the market opens on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly minted shares will be distributed to shareholders after the market closes on Thursday, October 9th.
Brookfield Price Performance
NYSE BN opened at $67.98 on Thursday. 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 stock has a market capitalization of $112.10 billion, a PE ratio of 158.08 and a beta of 1.75. The company has a 50 day moving average price of $67.08 and a two-hundred day moving average price of $60.33. Brookfield has a 12-month low of $43.61 and a 12-month high of $74.20.
Brookfield (NYSE:BN – Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. As a group, equities analysts predict that Brookfield will post 3.85 earnings per share for the current fiscal year.
Brookfield Announces Dividend
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Brookfield from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Scotiabank boosted their price objective on shares of Brookfield from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. National Bankshares set a $82.00 price objective on shares of Brookfield and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Finally, BMO Capital Markets boosted their price objective on shares of Brookfield from $66.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $75.70.
Check Out Our Latest Analysis on Brookfield
Hedge Funds Weigh In On Brookfield
Several large investors have recently bought and sold shares of BN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Brookfield during the 1st quarter valued at $26,000. North Capital Inc. acquired a new position in Brookfield during the 1st quarter valued at $27,000. ST Germain D J Co. Inc. acquired a new position in Brookfield during the 1st quarter valued at $28,000. Hilltop National Bank acquired a new position in Brookfield during the 2nd quarter valued at $30,000. Finally, Golden State Wealth Management LLC raised its stake in Brookfield by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 592 shares of the company’s stock valued at $31,000 after purchasing an additional 296 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.
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.
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