Brookfield Co. (NYSE:BN) Receives Consensus Rating of “Moderate Buy” from Analysts

Brookfield Co. (NYSE:BN) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $64.00.

BN has been the topic of a number of analyst reports. CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. TD Securities raised their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley initiated coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. Finally, Scotiabank lifted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in Brookfield in the 4th quarter valued at $973,591,000. Baillie Gifford & Co. raised its stake in shares of Brookfield by 809.5% in the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after purchasing an additional 3,271,403 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after purchasing an additional 2,818,716 shares in the last quarter. Regents of The University of California acquired a new position in shares of Brookfield during the fourth quarter worth about $154,140,000. Finally, Geode Capital Management LLC grew its holdings in shares of Brookfield by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock worth $460,489,000 after buying an additional 1,930,218 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN stock opened at $50.42 on Monday. The firm has a market cap of $82.99 billion, a price-to-earnings ratio of 168.06 and a beta of 1.65. Brookfield has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average price of $57.49 and a 200 day moving average price of $55.88.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Research analysts expect that Brookfield will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.71%. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

About Brookfield

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.