Brookfield Co. (NYSE:BN) Receives $64.00 Consensus Price Target from Analysts

Shares of Brookfield Co. (NYSE:BN) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $64.00.

BN has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price on the stock. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Finally, Scotiabank upped their price objective on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd.

Brookfield Stock Down 0.2 %

Shares of NYSE BN opened at $53.65 on Monday. The firm has a market cap of $88.34 billion, a price-to-earnings ratio of 178.83 and a beta of 1.65. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield has a 52-week low of $38.18 and a 52-week high of $62.78. The business’s 50 day moving average is $57.07 and its two-hundred day moving average is $55.91.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Research analysts predict that Brookfield will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. Brookfield’s dividend payout ratio (DPR) is 120.00%.

Institutional Investors Weigh In On Brookfield

A number of hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Brookfield by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 115,648 shares of the company’s stock valued at $6,644,000 after purchasing an additional 2,608 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Brookfield in the fourth quarter valued at about $16,959,000. Capital A Wealth Management LLC acquired a new stake in Brookfield in the fourth quarter valued at about $235,000. Shufro Rose & Co. LLC acquired a new stake in Brookfield in the fourth quarter valued at about $237,000. Finally, Ameriflex Group Inc. acquired a new stake in Brookfield in the fourth quarter valued at about $61,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.