Brookfield (TSE:BN) Upgraded to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of Brookfield (TSE:BN) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada reduced their price target on shares of Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating on the stock in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$58.50.

Brookfield Stock Up 0.7%

TSE:BN opened at C$59.84 on Monday. The company has a market capitalization of C$133.66 billion, a PE ratio of 117.33 and a beta of 1.60. Brookfield has a 52-week low of C$52.04 and a 52-week high of C$68.44. The stock’s 50 day moving average price is C$61.80 and its 200 day moving average price is C$61.18.

Brookfield (TSE:BN) last released its earnings results on Thursday, May 14th. The company reported C$0.92 earnings per share (EPS) for the quarter. The business had revenue of C$18.58 billion for the quarter. Brookfield had a return on equity of 2.87% and a net margin of 1.72%. As a group, sell-side analysts anticipate that Brookfield will post 6.4136752 EPS for the current fiscal year.

Insider Activity at Brookfield

In related news, Director Jeffrey Miles Blidner sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of C$63.79, for a total value of C$95,685.00. Following the completion of the sale, the director directly owned 1,242,259 shares in the company, valued at approximately C$79,243,701.61. The trade was a 0.12% decrease in their ownership of the stock. Also, Director Jack Lynn Cockwell sold 116,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$61.52, for a total transaction of C$7,179,384.00. Following the transaction, the director directly owned 55,597,851 shares of the company’s stock, valued at C$3,420,379,793.52. This trade represents a 0.21% decrease in their position. Insiders sold 296,600 shares of company stock worth $18,432,796 over the last three months. Corporate insiders own 19.11% of the company’s stock.

About Brookfield

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in energy, infrastructure, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities.