BMO Capital Markets Upgrades Brookfield (TSE:BN) to “Strong-Buy”

Brookfield (TSE:BN) was upgraded by equities researchers at BMO Capital Markets to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada decreased their price objective on shares of Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating for the company in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Brookfield presently has an average rating of “Strong Buy” and a consensus price target of C$58.50.

Brookfield Stock Up 0.7%

Shares of TSE:BN opened at C$59.84 on Monday. Brookfield has a 52-week low of C$52.04 and a 52-week high of C$68.44. The stock has a market cap of C$133.66 billion, a price-to-earnings ratio of 117.33 and a beta of 1.60. The business has a 50-day moving average price of C$61.80 and a 200-day moving average price of C$61.18.

Brookfield (TSE:BN) last issued its earnings results on Thursday, May 14th. The company reported C$0.92 EPS for the quarter. Brookfield had a return on equity of 2.87% and a net margin of 1.72%.The firm had revenue of C$18.58 billion for the quarter. As a group, equities analysts anticipate that Brookfield will post 6.4136752 EPS for the current fiscal year.

Insider Activity

In other news, Director Jack Lynn Cockwell sold 116,700 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$61.52, for a total value of C$7,179,384.00. Following the completion of the transaction, the director owned 55,597,851 shares of the company’s stock, valued at C$3,420,379,793.52. The trade was a 0.21% decrease in their position. Also, Director Jeffrey Miles Blidner sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of C$63.79, for a total value of C$95,685.00. Following the completion of the sale, the director owned 1,242,259 shares in the company, valued at C$79,243,701.61. The trade was a 0.12% decrease in their position. Insiders have sold a total of 296,600 shares of company stock worth $18,432,796 over the last ninety days. 19.11% of the stock is owned by insiders.

Brookfield Company Profile

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in energy, infrastructure, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities.