Brookfield (NYSE:BN) Price Target Raised to $53.00 at Scotia

Brookfield (NYSE:BNFree Report) had its price target upped by Scotia from $48.50 to $53.00 in a report published on Friday,BayStreet.CA reports. The brokerage currently has a sector outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. BMO Capital Markets upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, National Bank Financial upped their price target on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $56.40.

View Our Latest Stock Analysis on BN

Brookfield Trading Down 4.3%

BN stock opened at $45.48 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. Brookfield has a twelve month low of $37.54 and a twelve month high of $49.56. The stock has a market capitalization of $111.45 billion, a price-to-earnings ratio of 89.17 and a beta of 1.55. The firm’s fifty day simple moving average is $42.78 and its two-hundred day simple moving average is $44.94.

Brookfield (NYSE:BNGet Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.76% and a return on equity of 3.87%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. As a group, analysts anticipate that Brookfield will post 2.94 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio is presently 57.14%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BN. Partners Value Investments L.P. grew its holdings in Brookfield by 50.0% during the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after acquiring an additional 60,468,651 shares in the last quarter. Dodge & Cox bought a new position in Brookfield during the 4th quarter worth about $1,894,354,000. Royal Bank of Canada grew its holdings in Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock worth $5,215,504,000 after acquiring an additional 32,760,558 shares in the last quarter. Vanguard Group Inc. grew its holdings in Brookfield by 52.1% during the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after acquiring an additional 31,543,313 shares in the last quarter. Finally, Capital World Investors grew its holdings in Brookfield by 45.0% during the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after acquiring an additional 30,755,354 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Key Brookfield News

Here are the key news stories impacting Brookfield this week:

Brookfield Company Profile

(Get Free Report)

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.

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