Brookfield (TSE:BN) Stock Price Down 0.9% – Should You Sell?

Brookfield Co. (TSE:BN) dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as C$61.10 and last traded at C$61.35. Approximately 2,939,602 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 2,567,393 shares. The stock had previously closed at C$61.90.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BN. National Bankshares dropped their price objective 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. The Goldman Sachs Group upgraded Brookfield to a “strong-buy” rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, Brookfield currently has a consensus rating of “Strong Buy” and an average price target of C$68.50.

Brookfield Price Performance

The firm’s 50 day moving average price is C$64.28 and its two-hundred day moving average price is C$80.57. The firm has a market cap of C$137.71 billion, a price-to-earnings ratio of 200.05 and a beta of 2.02.

Brookfield (TSE:BN) last issued 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 firm had revenue of C$26.34 billion for the quarter. On average, 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.