Brookfield (NYSE:BN) Price Target Raised to $83.00 at JPMorgan Chase & Co.

Brookfield (NYSE:BN) had its price objective upped by JPMorgan Chase & Co. from $73.00 to $83.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. The Goldman Sachs Group began coverage on shares of Brookfield in a research report on Tuesday, September 2nd. They set a “buy” rating and a $78.00 price objective on the stock. Cowen restated a “buy” rating on shares of Brookfield in a research report on Friday, August 8th. Royal Bank Of Canada upped their target price on shares of Brookfield from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, National Bankshares set a $82.00 target price on shares of Brookfield and gave the company an “outperform” rating in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $76.70.

Brookfield Trading Up 0.9%

Shares of NYSE BN opened at $68.76 on Friday. The firm’s 50 day moving average price is $67.12 and its 200-day moving average price is $60.56. The company has a market cap of $113.40 billion, a PE ratio of 159.91 and a beta of 1.75. Brookfield has a 52-week low of $43.61 and a 52-week high of $74.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.18 and a current ratio of 1.29.

Shares of Brookfield are scheduled to split before the market opens on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, October 9th.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. On average, equities research analysts expect that Brookfield will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, September 12th. Brookfield’s dividend payout ratio (DPR) is presently 83.72%.

Hedge Funds Weigh In On Brookfield

Institutional investors and hedge funds have recently made changes to their positions in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Brookfield in the 1st quarter worth about $26,000. North Capital Inc. bought a new stake in shares of Brookfield in the 1st quarter worth about $27,000. Hilltop National Bank bought a new stake in shares of Brookfield in the 2nd quarter worth about $30,000. Golden State Wealth Management LLC lifted its holdings in shares of Brookfield by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 592 shares of the company’s stock worth $31,000 after acquiring an additional 296 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Brookfield in the 2nd quarter worth about $32,000. 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.