Brookfield (TSE:BN) Trading Down 4.3% – Here’s Why

Brookfield Co. (TSE:BN) shares fell 4.3% during mid-day trading on Monday . The company traded as low as C$59.86 and last traded at C$60.28. 4,246,780 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 2,977,529 shares. The stock had previously closed at C$62.96.

Analyst Upgrades and Downgrades

Separately, National Bank Financial decreased their price objective on shares of Brookfield from C$82.00 to C$56.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. One research analyst has 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, the stock presently has an average rating of “Buy” and a consensus target price of C$68.50.

Brookfield Trading Down 4.3%

The stock has a market cap of C$135.30 billion, a P/E ratio of 123.02 and a beta of 1.85. The firm has a 50-day simple moving average of C$63.91 and a two-hundred day simple moving average of C$73.11.

Brookfield (TSE:BN) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.86 EPS for the quarter. Brookfield had a net margin of 0.99% and a return on equity of 1.99%. Sell-side analysts predict 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.