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

Brookfield (NYSE:BNGet Free Report) had its price target increased by equities researchers at Scotiabank from $48.50 to $53.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 16.30% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Morgan Stanley reiterated an “overweight” rating and set a $61.00 target price (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average price target of $56.67.

Read Our Latest Report on Brookfield

Brookfield Price Performance

Shares of Brookfield stock traded down $1.96 during trading hours on Friday, reaching $45.57. The company’s stock had a trading volume of 1,345,724 shares, compared to its average volume of 5,891,177. The stock has a market cap of $111.69 billion, a P/E ratio of 92.49 and a beta of 1.55. Brookfield has a one year low of $37.54 and a one year high of $49.56. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The firm has a 50 day moving average price of $42.73 and a 200-day moving average price of $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, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. On average, analysts predict that Brookfield will post 2.94 EPS for the current year.

Institutional Trading of Brookfield

Hedge funds have recently made changes to their positions in the business. MCF Advisors LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at $26,000. Quattro Advisors LLC purchased a new position in shares of Brookfield in the 4th quarter valued at about $26,000. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield during the 4th quarter worth about $27,000. Truvestments Capital LLC lifted its stake in Brookfield by 49.9% during the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. Finally, Hilltop National Bank raised its position in Brookfield by 49.9% in 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 during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Key Brookfield News

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About Brookfield

(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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