TD Securities Boosts Brookfield (NYSE:BN) Price Target to $75.00

Brookfield (NYSE:BN) had its price target upped by analysts at TD Securities from $74.00 to $75.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 28.43% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. Scotiabank lifted their target price on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Trading Down 1.7 %

BN traded down $1.00 during mid-day trading on Tuesday, hitting $58.40. 359,831 shares of the stock were exchanged, compared to its average volume of 2,157,863. The company has a market cap of $96.11 billion, a PE ratio of 124.26 and a beta of 1.57. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The firm’s fifty day moving average is $58.50 and its two-hundred day moving average is $54.28. Brookfield has a 1-year low of $38.18 and a 1-year high of $62.78.

Institutional Trading of Brookfield

Institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. increased its position in Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock worth $211,159,000 after buying an additional 3,271,403 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after acquiring an additional 2,818,716 shares during the last quarter. Regents of The University of California acquired a new position in shares of Brookfield in the 4th quarter valued at $154,140,000. Raymond James Financial Inc. purchased a new stake in Brookfield in the 4th quarter valued at $82,795,000. Finally, Toronto Dominion Bank boosted its stake in Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after purchasing an additional 1,301,072 shares during the period. Hedge funds and other institutional investors 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.