Brookfield (NYSE:BN) Upgraded by Zacks Research to “Hold” Rating

Brookfield (NYSE:BN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on BN. Wall Street Zen lowered shares of Brookfield from a “hold” rating to a “sell” rating in a research note on Saturday. BMO Capital Markets reaffirmed an “outperform” rating and set a $49.00 target price (up from $46.00) on shares of Brookfield in a report on Wednesday, December 17th. JPMorgan Chase & Co. increased their price target on Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Monday, December 29th. Finally, CIBC restated an “outperform” rating and set a $52.00 price objective (up previously from $50.67) on shares of Brookfield in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Buy” and a consensus target price of $53.87.

Brookfield Stock Down 4.4%

Shares of NYSE:BN opened at $45.30 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. Brookfield has a 52-week low of $29.07 and a 52-week high of $49.56. The company has a 50 day moving average of $46.16 and a two-hundred day moving average of $45.26. The company has a market capitalization of $112.19 billion, a price-to-earnings ratio of 125.82 and a beta of 1.58.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Brookfield had a return on equity of 3.92% and a net margin of 1.34%. As a group, analysts forecast that Brookfield will post 3.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookfield

A number of institutional investors and hedge funds have recently modified their holdings of BN. AQR Capital Management LLC boosted its stake in Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after purchasing an additional 11,069 shares during the period. NewEdge Advisors LLC raised its stake in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Brookfield by 32.3% in the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after purchasing an additional 1,396 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Brookfield by 10.0% in the second quarter. Farther Finance Advisors LLC now owns 5,650 shares of the company’s stock worth $349,000 after buying an additional 515 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of Brookfield by 2.4% in the second quarter. Park Avenue Securities LLC now owns 37,520 shares of the company’s stock worth $2,318,000 after buying an additional 873 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

About Brookfield

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.