Brookfield (NYSE:BN) Receives Market Perform Rating from Keefe, Bruyette & Woods

Brookfield (NYSE:BN)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday, Benzinga reports. They presently have a $46.00 target price on the stock, up from their previous target price of $45.00. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 3.95% from the company’s previous close.

Other analysts also recently issued research reports about the stock. CIBC lifted their target price on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group boosted their price target on shares of Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research note on Friday, February 9th. TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Royal Bank of Canada dropped their price target on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and an average price target of $48.15.

Brookfield Stock Up 0.6 %

Shares of NYSE BN opened at $44.25 on Friday. Brookfield has a 1 year low of $28.84 and a 1 year high of $44.25. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The company has a 50 day simple moving average of $41.10 and a 200-day simple moving average of $38.59. The company has a market capitalization of $72.66 billion, a P/E ratio of 71.37 and a beta of 1.48.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The firm had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts predict that Brookfield will post 3.35 earnings per share for the current year.

Insider Buying and Selling at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the transaction, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brookfield

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in shares of Brookfield by 4,670.6% in the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 794 shares in the last quarter. Connectus Wealth LLC increased its stake in shares of Brookfield by 1,049.1% in the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock worth $25,000 after buying an additional 557,749 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in Brookfield by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock valued at $27,000 after acquiring an additional 337 shares in the last quarter. Allworth Financial LP boosted its stake in Brookfield by 256.2% during the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after acquiring an additional 638 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in Brookfield during the 3rd quarter worth $37,000. 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.