Brookfield Corporation (NYSE:BN) Receives Average Recommendation of “Buy” from Analysts

Shares of Brookfield Corporation (NYSE:BN) have been given a consensus rating of “Buy” by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $56.6364.

A number of analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research note on Monday. TD Securities restated a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Wednesday, June 24th. Finally, Morgan Stanley set a $59.00 price objective on Brookfield and gave the company an “overweight” rating in a report on Tuesday, July 21st.

Institutional Trading of Brookfield

Large investors have recently bought and sold shares of the business. MCF Advisors LLC acquired a new stake in shares of Brookfield during the fourth quarter worth $26,000. Quattro Advisors LLC bought a new stake in Brookfield in the 4th quarter valued at $26,000. Exchange Traded Concepts LLC acquired a new position in Brookfield in the 4th quarter worth $27,000. Truvestments Capital LLC boosted its stake in Brookfield by 49.9% in the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares during the period. Finally, New England Capital Financial Advisors LLC increased its holdings in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Down 1.6%

NYSE BN opened at $41.71 on Thursday. The stock has a market capitalization of $102.23 billion, a P/E ratio of 81.78 and a beta of 1.54. Brookfield has a 52 week low of $37.93 and a 52 week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The stock has a fifty day moving average of $43.95 and a 200-day moving average of $44.19.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.07 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Brookfield’s dividend payout ratio is currently 54.90%.

Brookfield Company Profile

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.