Brookfield Co. (NYSE:BN) Receives Average Rating of “Moderate Buy” from Analysts

Brookfield Co. (NYSE:BN) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $47.45.

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, February 9th. TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. TD Securities boosted their price objective on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research report on Sunday, February 11th. CIBC upped their price objective on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Canaccord Genuity Group boosted their target price on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th.

Brookfield Price Performance

Brookfield stock opened at $40.22 on Friday. The company’s 50 day moving average is $40.79 and its two-hundred day moving average is $37.88. The firm has a market cap of $66.04 billion, a PE ratio of 64.87 and a beta of 1.49. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. Brookfield has a 52-week low of $28.84 and a 52-week high of $43.17.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.14. The business had revenue of $24.52 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. On average, research analysts expect that Brookfield will post 3.75 EPS for the current fiscal year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is 51.61%.

Insider Transactions at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Capital World Investors lifted its position in Brookfield by 102.2% during the fourth quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock valued at $1,982,903,000 after buying an additional 24,975,364 shares in the last quarter. Norges Bank acquired a new position in shares of Brookfield during the fourth quarter worth about $614,104,000. Principal Financial Group Inc. lifted its stake in shares of Brookfield by 8.9% during the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock worth $1,993,867,000 after purchasing an additional 5,192,256 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Brookfield by 16.2% in the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after buying an additional 3,702,266 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Brookfield by 21.0% in the third quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company’s stock valued at $602,966,000 after buying an additional 3,331,522 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

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.