Brookfield (NYSE:BN) Raised to Hold at Wall Street Zen

Brookfield (NYSE:BN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Several other equities analysts have also weighed in on BN. Morgan Stanley reaffirmed an “overweight” rating on shares of Brookfield in a research note on Monday, May 19th. JPMorgan Chase & Co. reduced their price objective on Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. CIBC reduced their price objective on Brookfield from $74.00 to $72.00 and set an “outperformer” rating on the stock in a research note on Friday, May 9th. Scotiabank reduced their price objective on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 7th. Finally, TD Securities reduced their price objective on Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Brookfield Trading Down 0.6%

Brookfield stock opened at $58.56 on Friday. The stock has a market cap of $96.48 billion, a PE ratio of 195.21 and a beta of 1.66. The stock has a 50-day moving average price of $54.08 and a 200 day moving average price of $56.22. Brookfield has a 52 week low of $39.97 and a 52 week high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Equities research analysts predict that Brookfield will post 3.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookfield

Several hedge funds have recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Brookfield in the 1st quarter worth about $26,000. North Capital Inc. purchased a new stake in Brookfield in the 1st quarter worth about $27,000. ST Germain D J Co. Inc. purchased a new stake in Brookfield in the 1st quarter worth about $28,000. CoreCap Advisors LLC purchased a new stake in Brookfield in the 4th quarter worth about $29,000. Finally, Compass Planning Associates Inc purchased a new stake in Brookfield in the 4th quarter worth about $30,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.