National Bankshares Issues Positive Forecast for Brookfield (NYSE:BN) Stock Price

Brookfield (NYSE:BN) had its price objective raised by National Bankshares from $56.00 to $59.00 in a report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities analysts have also commented on BN. TD Securities upped their price objective on shares of Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Royal Bank Of Canada set a $58.00 price target on shares of Brookfield and gave the stock an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Brookfield in a research note on Monday, December 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $49.00 target price (up previously from $46.00) on shares of Brookfield in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $54.70.

Brookfield Price Performance

BN stock opened at $45.85 on Wednesday. Brookfield has a 52-week low of $29.07 and a 52-week high of $49.56. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. The stock has a market cap of $113.56 billion, a price-to-earnings ratio of 127.36 and a beta of 1.57. The business has a fifty day moving average of $46.57 and a two-hundred day moving average of $45.51.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Brookfield had a return on equity of 3.92% and a net margin of 1.34%. As a group, research analysts anticipate that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield’s dividend payout ratio is currently 66.67%.

Hedge Funds Weigh In On Brookfield

A number of large investors have recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC purchased a new position in Brookfield in the 2nd quarter valued at approximately $32,000. Ameritas Advisory Services LLC purchased a new stake in Brookfield in the 2nd quarter valued at approximately $33,000. First Horizon Corp purchased a new stake in Brookfield in the 3rd quarter valued at approximately $40,000. Exchange Traded Concepts LLC acquired a new stake in Brookfield during the 4th quarter valued at $27,000. Finally, Cary Street Partners Investment Advisory LLC increased its position in Brookfield by 109.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock worth $39,000 after buying an additional 330 shares in the last quarter. Hedge funds and other institutional investors 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.