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

Shares of Brookfield Corporation (NYSE:BN) have received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $54.70.

A number of research firms recently commented on BN. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. TD Securities raised their price target on shares of Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $52.00 price objective (up from $50.67) on shares of Brookfield in a research note on Friday, November 14th. Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, National Bankshares raised their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th.

Institutional Trading of Brookfield

A number of hedge funds have recently modified their holdings of BN. Exchange Traded Concepts LLC purchased a new position in Brookfield during the fourth quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Brookfield during the 2nd quarter worth approximately $32,000. Ameritas Advisory Services LLC purchased a new position in shares of Brookfield during the 2nd quarter valued at approximately $33,000. Hilltop National Bank increased its holdings in shares of Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. Finally, New England Capital Financial Advisors LLC lifted its stake in shares of Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN opened at $46.90 on Thursday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.31 and a quick ratio of 1.19. The company’s fifty day moving average price is $46.49 and its 200-day moving average price is $45.53. Brookfield has a 1-year low of $29.07 and a 1-year high of $49.56. The firm has a market capitalization of $116.16 billion, a PE ratio of 130.28 and a beta of 1.57.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Brookfield had a return on equity of 3.92% and a net margin of 1.34%. On average, equities research analysts predict that Brookfield will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. Brookfield’s dividend payout ratio (DPR) is presently 66.67%.

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.