Brookfield (NYSE:BN) Given New $51.00 Price Target at BMO Capital Markets

Brookfield (NYSE:BN) had its price objective upped by stock analysts at BMO Capital Markets from $49.00 to $51.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 7.33% from the stock’s current price.

BN has been the subject of a number of other reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $52.00 price target (up from $50.67) on shares of Brookfield in a research report on Friday, November 14th. National Bank Financial lifted their target price on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Royal Bank Of Canada raised their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD Securities boosted their target price on Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.37.

Brookfield Stock Down 0.3%

Shares of NYSE BN traded down $0.15 during mid-day trading on Friday, hitting $47.52. 3,528,815 shares of the stock traded hands, compared to its average volume of 5,401,053. The company has a market cap of $117.69 billion, a price-to-earnings ratio of 131.80 and a beta of 1.57. The stock has a fifty day moving average price of $46.54 and a 200-day moving average price of $45.58. Brookfield has a 52 week low of $29.07 and a 52 week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.19 and a current ratio of 1.31.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Brookfield had a return on equity of 3.92% and a net margin of 1.34%. Research analysts anticipate that Brookfield will post 3.85 EPS for the current year.

Institutional Trading of Brookfield

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in Brookfield by 4.1% during the second quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock valued at $268,000 after acquiring an additional 172 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Brookfield by 7.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock valued at $183,000 after purchasing an additional 197 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after purchasing an additional 226 shares during the period. Advisors Capital Management LLC boosted its holdings in shares of Brookfield by 3.2% in the second quarter. Advisors Capital Management LLC now owns 7,440 shares of the company’s stock worth $460,000 after buying an additional 230 shares during the last quarter. Finally, State of Wyoming grew its position in Brookfield by 7.8% during the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after buying an additional 240 shares during the period. 61.60% of the stock is currently owned by institutional investors.

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.