Brokerages Set Brookfield Co. (NYSE:BN) Price Target at $63.63

Brookfield Co. (NYSE:BN) has earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $63.63.

BN has been the topic of a number of research analyst reports. Scotiabank cut their target price on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 7th. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. Finally, CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd.

Brookfield Stock Performance

NYSE BN opened at $48.60 on Friday. The stock has a fifty day simple moving average of $54.22 and a 200-day simple moving average of $56.05. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock has a market cap of $80.03 billion, a PE ratio of 162.01 and a beta of 1.60. Brookfield has a twelve month low of $38.18 and a twelve month high of $62.78.

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

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, March 14th. Brookfield’s dividend payout ratio is presently 120.00%.

Hedge Funds Weigh In On Brookfield

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BN. Quantinno Capital Management LP boosted its position in shares of Brookfield by 49.1% in the 3rd quarter. Quantinno Capital Management LP now owns 26,783 shares of the company’s stock valued at $1,424,000 after purchasing an additional 8,814 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Brookfield by 12.4% during the third quarter. Orion Portfolio Solutions LLC now owns 16,419 shares of the company’s stock worth $873,000 after acquiring an additional 1,811 shares during the period. MML Investors Services LLC grew its stake in shares of Brookfield by 11.2% during the 3rd quarter. MML Investors Services LLC now owns 13,372 shares of the company’s stock worth $711,000 after purchasing an additional 1,347 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Brookfield in the third quarter valued at about $6,485,000. Finally, Continuum Advisory LLC purchased a new position in Brookfield in the 3rd quarter valued at approximately $55,000. 61.60% of the stock is owned by institutional investors and hedge funds.

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.