Brookfield (TSE:BN) Raised to Strong-Buy at BMO Capital Markets

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

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

Brookfield Price Performance

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

Brookfield (TSE:BN) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.92 EPS for the quarter. Brookfield had a net margin of 1.72% and a return on equity of 2.87%. The business had revenue of C$18.58 billion during the quarter. On average, analysts predict that Brookfield will post 6.4136752 EPS for the current year.

Insider Activity

In related news, Director Jeffrey Miles Blidner sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 1,242,259 shares of the company’s stock, valued at approximately C$79,243,701.61. This trade represents a 0.12% decrease in their position. Also, Director Jack Lynn Cockwell sold 116,700 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 55,597,851 shares of the company’s stock, valued at approximately C$3,420,379,793.52. This trade represents a 0.21% decrease in their ownership of the stock. In the last quarter, insiders have sold 296,600 shares of company stock valued at $18,432,796. 19.11% of the stock is currently owned by corporate 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.