Brookfield (NYSE:BN) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Brookfield (NYSE:BN – Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley set a $54.00 price target on Brookfield and gave the stock an “overweight” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 22nd. CIBC reissued 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. Zacks Research downgraded Brookfield from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $58.00 price objective (up from $57.00) on shares of Brookfield in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.87.

Get Our Latest Stock Analysis on Brookfield

Brookfield Stock Up 0.0%

Shares of NYSE:BN opened at $46.76 on Friday. The company has a market cap of $115.77 billion, a price-to-earnings ratio of 129.88 and a beta of 1.57. Brookfield has a 12 month low of $29.07 and a 12 month high of $49.47. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.54. The company has a 50-day moving average price of $45.78 and a 200 day moving average price of $44.50.

Brookfield (NYSE:BN – Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Brookfield had a return on equity of 3.92% and a net margin of 1.34%.The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. As a group, equities research analysts predict that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Brookfield’s dividend payout ratio (DPR) is 66.67%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hilltop National Bank purchased a new position in shares of Brookfield during the 2nd quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Brookfield during the second quarter valued at $32,000. Ameritas Advisory Services LLC purchased a new position in Brookfield in the second quarter valued at $33,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Brookfield by 109.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock worth $39,000 after acquiring an additional 330 shares during the period. Finally, First Horizon Corp purchased a new stake in shares of Brookfield during the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Company Profile

(Get Free Report)

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.

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