Brookfield Corporation (NYSE:BN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Brookfield Corporation (NYSE:BN) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $54.5926.

Several analysts have recently issued reports on BN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Monday, December 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $52.00 target price (up from $50.67) on shares of Brookfield in a research report on Friday, November 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price target on shares of Brookfield in a report on Tuesday, February 17th. National Bank Financial increased their price target on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, BMO Capital Markets boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th.

Brookfield Stock Performance

BN opened at $43.82 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.32 and a quick ratio of 1.21. The business has a fifty day simple moving average of $46.59 and a 200 day simple moving average of $45.74. Brookfield has a 1 year low of $29.07 and a 1 year high of $49.56. The company has a market capitalization of $107.35 billion, a PE ratio of 88.82 and a beta of 1.58.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a return on equity of 3.87% and a net margin of 1.74%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Research analysts expect that Brookfield will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.07 per share. This is an increase from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s payout ratio is presently 48.98%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its position in Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after purchasing an additional 11,069 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after buying an additional 295 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after buying an additional 1,396 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Brookfield in the 2nd quarter valued at $210,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Brookfield during the 2nd quarter valued at $621,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

About Brookfield

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.