Brookfield (NYSE:BN) Raised to “Hold” at Wall Street Zen

Brookfield (NYSE:BN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

BN has been the topic of a number of other research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $58.00 target price (up previously from $57.00) on shares of Brookfield in a report on Monday, December 15th. JPMorgan Chase & Co. lifted their price target on Brookfield from $48.67 to $55.33 and gave the company an “overweight” rating in a report on Friday, October 3rd. TD Securities increased their price objective on Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a $49.00 target price (up previously from $46.00) on shares of Brookfield in a research note on Wednesday, December 17th. Finally, CIBC reiterated an “outperform” rating and set a $52.00 price target (up previously from $50.67) on shares of Brookfield in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $53.87.

Brookfield Price Performance

BN stock opened at $46.79 on Friday. The stock’s 50 day moving average is $45.74 and its two-hundred day moving average is $44.45. Brookfield has a 52-week low of $29.07 and a 52-week high of $49.47. The company has a market capitalization of $115.84 billion, a PE ratio of 129.96 and a beta of 1.57. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Analysts predict that Brookfield will post 3.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. AIA Group Ltd bought a new stake in Brookfield in the third quarter worth about $4,922,000. Mirabella Financial Services LLP grew its stake in shares of Brookfield by 153.0% in the 3rd quarter. Mirabella Financial Services LLP now owns 16,560 shares of the company’s stock worth $1,133,000 after purchasing an additional 10,015 shares during the last quarter. Allworth Financial LP grew its stake in shares of Brookfield by 107.5% in the 3rd quarter. Allworth Financial LP now owns 11,588 shares of the company’s stock worth $795,000 after purchasing an additional 6,004 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Brookfield by 1,935.5% in the 3rd quarter. IFP Advisors Inc now owns 1,893 shares of the company’s stock worth $130,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its stake in Brookfield by 18.5% during the third quarter. Swiss Life Asset Management Ltd now owns 188,142 shares of the company’s stock valued at $12,926,000 after purchasing an additional 29,398 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

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.