Brookfield Corporation (NYSE:BN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Brookfield Corporation (NYSE:BN) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $53.5667.

Several research firms have recently weighed in on BN. Morgan Stanley set a $54.00 price objective on Brookfield and gave the company an “overweight” rating in a report on Monday, October 13th. CIBC restated an “outperform” rating and set a $52.00 target price (up from $50.67) on shares of Brookfield in a report on Friday, November 14th. Wall Street Zen lowered shares of Brookfield from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. The Goldman Sachs Group started coverage on shares of Brookfield in a report on Tuesday, September 2nd. They issued a “buy” rating and a $52.00 price target for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $58.00 price objective (up from $57.00) on shares of Brookfield in a report on Monday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BN. Norges Bank bought a new position in shares of Brookfield in the 2nd quarter valued at about $1,040,160,000. Pershing Square Capital Management L.P. boosted its position in Brookfield by 17.5% during the first quarter. Pershing Square Capital Management L.P. now owns 41,004,657 shares of the company’s stock valued at $2,149,054,000 after purchasing an additional 6,111,593 shares during the last quarter. Lone Pine Capital LLC bought a new position in Brookfield in the second quarter valued at approximately $347,683,000. Canada Pension Plan Investment Board increased its position in shares of Brookfield by 132.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 6,540,631 shares of the company’s stock worth $405,065,000 after purchasing an additional 3,727,628 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Brookfield by 83.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,699,178 shares of the company’s stock worth $403,514,000 after purchasing an additional 3,500,003 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of BN stock opened at $45.02 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. Brookfield has a 12-month low of $29.07 and a 12-month high of $49.47. The firm has a fifty day moving average of $45.55 and a 200-day moving average of $44.06. The firm has a market capitalization of $111.45 billion, a price-to-earnings ratio of 125.04 and a beta of 1.57.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Brookfield had a return on equity of 3.92% and a net margin of 1.34%.The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. On average, equities research analysts forecast that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. Brookfield’s dividend payout ratio (DPR) is currently 66.67%.

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.