Brookfield (NYSE:BN) Rating Lowered to Sell at Wall Street Zen

Brookfield (NYSE:BN) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research analysts have also issued reports on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Brookfield in a research note on Monday, December 1st. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. BMO Capital Markets reissued an “outperform” rating and set a $49.00 price target (up from $46.00) on shares of Brookfield in a report on Wednesday, December 17th. CIBC reaffirmed an “outperform” rating and set a $52.00 price objective (up from $50.67) on shares of Brookfield in a research note on Friday, November 14th. Finally, Zacks Research lowered shares of Brookfield from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.87.

Brookfield Stock Performance

NYSE:BN opened at $47.38 on Friday. The firm has a market capitalization of $117.35 billion, a PE ratio of 131.61 and a beta of 1.58. 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 $49.56. The firm has a 50-day moving average price of $46.15 and a 200 day moving average price of $45.16.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Brookfield had a return on equity of 3.92% and a net margin of 1.34%. Research analysts anticipate that Brookfield will post 3.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Brookfield by 7.4% during the second quarter. GAMMA Investing LLC now owns 2,451 shares of the company’s stock worth $152,000 after acquiring an additional 169 shares during the last quarter. SG Americas Securities LLC lifted its position in Brookfield by 4.1% during the 2nd quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock valued at $268,000 after purchasing an additional 172 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Brookfield by 7.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock valued at $183,000 after purchasing an additional 197 shares during the last quarter. Chicago Capital LLC boosted its stake in shares of Brookfield by 0.4% in the 2nd quarter. Chicago Capital LLC now owns 56,563 shares of the company’s stock valued at $3,498,000 after purchasing an additional 200 shares during the last quarter. Finally, Rochester Wealth Strategies LLC grew its position in shares of Brookfield by 3.0% during the 2nd quarter. Rochester Wealth Strategies LLC now owns 7,825 shares of the company’s stock worth $484,000 after buying an additional 225 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Brookfield Company Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.