Brookfield Corporation (NYSE:BN) Receives $56.91 Average Price Target from Brokerages

Shares of Brookfield Corporation (NYSE:BN) have been given an average recommendation of “Buy” by the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $56.9091.

BN has been the topic of several analyst reports. BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. National Bank Financial increased their price target on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Scotia raised their price target on shares of Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada decreased their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $54.00 price objective (up from $53.00) on shares of Brookfield in a research note on Friday, August 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BN. Guardian Wealth Advisors LLC NC purchased a new stake in Brookfield in the 2nd quarter worth approximately $200,000. Guardian Wealth Management Inc. increased its stake in shares of Brookfield by 3.0% during the second quarter. Guardian Wealth Management Inc. now owns 95,374 shares of the company’s stock valued at $4,062,000 after buying an additional 2,739 shares during the period. Kraematon Investment Advisors Inc. increased its stake in shares of Brookfield by 3.4% during the second quarter. Kraematon Investment Advisors Inc. now owns 15,303 shares of the company’s stock valued at $652,000 after buying an additional 504 shares during the period. HB Wealth Management LLC raised its holdings in shares of Brookfield by 0.5% during the second quarter. HB Wealth Management LLC now owns 156,576 shares of the company’s stock valued at $6,669,000 after acquiring an additional 714 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Brookfield by 1.8% during the second quarter. TD Waterhouse Canada Inc. now owns 13,903,270 shares of the company’s stock valued at $595,676,000 after acquiring an additional 248,479 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 0.9%

Shares of BN stock opened at $41.72 on Monday. The business has a 50-day moving average of $43.14 and a 200 day moving average of $43.71. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. Brookfield has a 1-year low of $37.93 and a 1-year high of $49.56. The stock has a market capitalization of $102.29 billion, a PE ratio of 75.85 and a beta of 1.54.

Brookfield (NYSE:BN) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $1.66 billion. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. As a group, sell-side analysts anticipate that Brookfield will post 2.93 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 14th. Brookfield’s payout ratio is currently 50.91%.

About Brookfield

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.