Brookfield Corporation (NYSE:BN) Given Average Recommendation of “Buy” by Analysts

Brookfield Corporation (NYSE:BN) has received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $56.9091.

BN has been the topic of several recent analyst reports. Royal Bank Of Canada lowered their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. TD Securities reaffirmed a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday, May 19th. National Bank Financial increased their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Morgan Stanley set a $59.00 target price on shares of Brookfield and gave the stock an “overweight” rating in a report on Tuesday, July 21st.

Hedge Funds Weigh In On Brookfield

A number of hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC lifted its holdings in Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Meadow Creek Wealth Advisors LLC boosted its stake in Brookfield by 2.3% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after purchasing an additional 234 shares during the period. New England Capital Financial Advisors LLC grew its holdings in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in Brookfield by 49.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Brookfield by 11.1% during the third quarter. Parallel Advisors LLC now owns 2,892 shares of the company’s stock valued at $198,000 after buying an additional 290 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 0.1%

NYSE BN opened at $41.73 on Monday. Brookfield has a 12 month low of $37.93 and a 12 month high of $49.56. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54. The stock has a 50 day moving average of $43.34 and a 200-day moving average of $43.77. The company has a market cap of $102.31 billion, a PE ratio of 75.87 and a beta of 1.54.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. On average, equities research analysts anticipate that Brookfield will post 2.93 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 14th. Brookfield’s dividend payout ratio (DPR) is currently 50.91%.

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.