Brookfield Corporation (NYSE:BN) Stock Has Consensus Price Target of $57.40

Shares of Brookfield Corporation (NYSE:BN) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $57.40.

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Monday, September 21st. BMO Capital Markets raised Brookfield to a “strong-buy” rating in a report on Monday, July 27th. Scotia upped their price objective on Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a research report on Friday, August 14th. TD upped their price objective on Brookfield from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Morgan Stanley set a $59.00 target price on Brookfield and gave the company an “overweight” rating in a report on Tuesday, July 21st.

Hedge Funds Weigh In On Brookfield

Institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC bought a new stake in Brookfield during the 3rd quarter valued at approximately $26,000. Silicon Valley Capital Partners purchased a new position in Brookfield in the 2nd quarter worth approximately $32,000. Seneschal Advisors LLC boosted its stake in Brookfield by 49.9% in the 4th quarter. Seneschal Advisors LLC now owns 1,012 shares of the company’s stock worth $46,000 after purchasing an additional 337 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in Brookfield in the 3rd quarter worth approximately $46,000. Finally, South Plains Financial Inc. bought a new position in Brookfield in the 4th quarter worth approximately $50,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 0.4%

Shares of BN stock opened at $36.46 on Tuesday. Brookfield has a 12-month low of $35.61 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 firm’s 50 day moving average is $39.06 and its 200 day moving average is $42.38. The stock has a market capitalization of $89.40 billion, a P/E ratio of 66.29 and a beta of 1.56.

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

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, September 14th. Brookfield’s payout ratio is currently 50.91%.

About Brookfield

Brookfield Corporation (NYSE: BN) is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield’s portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.