Brookfield (TSE:BN) Releases Quarterly Earnings Results

Brookfield (TSE:BN) issued its quarterly earnings results on Thursday. The company reported C$0.86 earnings per share for the quarter, FiscalAI reports. Brookfield had a return on equity of 1.99% and a net margin of 0.99%.

Brookfield Stock Up 0.4%

Shares of BN traded up C$0.25 on Friday, reaching C$65.06. The stock had a trading volume of 1,819,132 shares, compared to its average volume of 2,938,149. Brookfield has a twelve month low of C$41.25 and a twelve month high of C$68.44. The firm has a market capitalization of C$146.03 billion, a PE ratio of 182.41 and a beta of 1.85. The firm has a 50-day moving average of C$63.95 and a 200 day moving average of C$74.54.

Analysts Set New Price Targets

Separately, National Bank Financial reduced their price objective on shares of Brookfield from C$82.00 to C$56.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$68.50.

Brookfield Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.