Brookfield Co. (NYSE:BN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Brookfield Co. (NYSE:BN) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $47.45.

BN has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of Brookfield in a research note on Friday, April 12th. TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Canaccord Genuity Group boosted their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Scotiabank increased their price target on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th.

Insider Buying and Selling at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the sale, the director now directly owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.00% of the company’s stock.

Institutional Trading of Brookfield

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Brookfield by 8.9% during the 3rd quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock worth $1,993,867,000 after purchasing an additional 5,192,256 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Brookfield by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 56,417,198 shares of the company’s stock worth $2,263,458,000 after buying an additional 987,520 shares in the last quarter. Capital World Investors boosted its position in shares of Brookfield by 102.2% in the fourth quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock valued at $1,982,903,000 after acquiring an additional 24,975,364 shares during the period. TD Asset Management Inc grew its stake in Brookfield by 16.2% during the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock valued at $1,069,892,000 after acquiring an additional 3,702,266 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in Brookfield by 1.2% during the 3rd quarter. Bank of Nova Scotia now owns 20,312,486 shares of the company’s stock worth $635,326,000 after acquiring an additional 242,567 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of NYSE BN opened at $40.22 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a 50 day moving average price of $40.79 and a 200 day moving average price of $37.88. The stock has a market capitalization of $66.04 billion, a PE ratio of 64.87 and a beta of 1.49. Brookfield has a 52 week low of $28.84 and a 52 week high of $43.17.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The company had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts predict that Brookfield will post 3.75 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Tuesday, March 12th. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s payout ratio is 51.61%.

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.