Brookfield Co. (NYSE:BN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Brookfield Co. (NYSE:BN) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $48.00.

BN has been the topic of several analyst reports. Canaccord Genuity Group cut Brookfield from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Royal Bank of Canada cut their target price on Brookfield from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, August 14th. Credit Suisse Group cut their target price on Brookfield from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, August 31st. CSFB cut their target price on Brookfield from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, August 31st. Finally, TD Securities upped their target price on Brookfield from $60.00 to $61.00 and gave the company an “action list buy” rating in a research note on Monday, August 14th.

Insiders Place Their Bets

In other Brookfield news, major shareholder Opps Eb Holdings Ltd. Ocm sold 3,781,561 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $58.00, for a total transaction of $219,330,538.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is owned by company insiders.

Institutional Trading of Brookfield

Several hedge funds and other institutional investors have recently made changes to their positions in BN. Moneta Group Investment Advisors LLC purchased a new stake in shares of Brookfield during the 4th quarter valued at $3,727,998,000. Bank of Montreal Can acquired a new position in shares of Brookfield in the 2nd quarter valued at $1,847,395,000. 1832 Asset Management L.P. acquired a new position in shares of Brookfield in the 4th quarter valued at $775,028,000. Mackenzie Financial Corp acquired a new position in shares of Brookfield in the 4th quarter valued at $739,834,000. Finally, Jarislowsky Fraser Ltd acquired a new position in shares of Brookfield in the 4th quarter valued at $614,866,000. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Brookfield Price Performance

NYSE:BN opened at $35.21 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $57.68 billion, a P/E ratio of 391.22 and a beta of 1.43. Brookfield has a 12 month low of $28.25 and a 12 month high of $50.19. The business’s 50-day moving average is $33.86 and its 200 day moving average is $32.42.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, August 10th. The company reported $0.75 EPS for the quarter. Brookfield had a return on equity of 1.80% and a net margin of 0.33%. The company had revenue of $23.67 billion for the quarter, compared to the consensus estimate of $1.10 billion.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.80%. Brookfield’s dividend payout ratio is currently 311.11%.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.