Brookfield (TSE:BN) Trading Up 2.1% – Still a Buy?

Shares of Brookfield Co. (TSE:BN) traded up 2.1% on Tuesday . The stock traded as high as C$65.26 and last traded at C$64.96. 2,201,998 shares were traded during mid-day trading, a decline of 15% from the average session volume of 2,580,249 shares. The stock had previously closed at C$63.65.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BN shares. The Goldman Sachs Group upgraded Brookfield to a “strong-buy” rating in a research report on Tuesday, September 2nd. National Bankshares decreased their price target on Brookfield from C$82.00 to C$56.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, Brookfield currently has a consensus rating of “Strong Buy” and a consensus target price of C$68.50.

Brookfield Trading Up 2.1%

The business’s fifty day simple moving average is C$74.54 and its 200 day simple moving average is C$82.46. The stock has a market cap of C$145.81 billion, a price-to-earnings ratio of 211.83 and a beta of 2.10.

Brookfield (TSE:BN) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. Brookfield had a return on equity of 1.99% and a net margin of 0.99%.The business had revenue of C$18.92 billion for the quarter. As a group, research analysts anticipate that Brookfield Co. will post 6.4136752 earnings per share for the current year.

Brookfield Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.