National Bankshares Analysts Give Brookfield (NYSE:BN) a $82.00 Price Target

National Bankshares set a $82.00 target price on Brookfield (NYSE:BN) in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. TD Securities decreased their price objective on Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Morgan Stanley reissued an “overweight” rating on shares of Brookfield in a research note on Monday, May 19th. Royal Bank Of Canada initiated coverage on shares of Brookfield in a research note on Wednesday, June 18th. They set an “outperform” rating and a $81.00 price objective for the company. Wall Street Zen cut shares of Brookfield from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Brookfield Stock Down 0.7%

Brookfield stock opened at $66.99 on Tuesday. The firm has a market capitalization of $110.45 billion, a price-to-earnings ratio of 239.25 and a beta of 1.66. Brookfield has a fifty-two week low of $42.21 and a fifty-two week high of $68.75. The stock’s fifty day moving average is $61.85 and its two-hundred day moving average is $57.46. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Analysts predict that Brookfield will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. Brookfield’s payout ratio is presently 128.57%.

Institutional Trading of Brookfield

A number of institutional investors have recently added to or reduced their stakes in BN. Wealthfront Advisers LLC acquired a new position in shares of Brookfield during the second quarter worth about $210,000. Graybill Wealth Management LTD. raised its holdings in shares of Brookfield by 1.0% during the 2nd quarter. Graybill Wealth Management LTD. now owns 136,691 shares of the company’s stock valued at $8,454,000 after buying an additional 1,352 shares during the period. Rational Advisors Inc. acquired a new position in Brookfield during the 2nd quarter worth approximately $1,577,000. Focus Partners Advisor Solutions LLC boosted its holdings in Brookfield by 9.4% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 11,287 shares of the company’s stock worth $698,000 after acquiring an additional 972 shares during the period. Finally, Blue Sky Capital Consultants Group Inc. grew its position in Brookfield by 21.0% in the second quarter. Blue Sky Capital Consultants Group Inc. now owns 112,027 shares of the company’s stock valued at $6,929,000 after acquiring an additional 19,427 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Company Profile

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.