Brookfield (NYSE:BN) Earns Outperform Rating from Analysts at National Bank Financial

National Bank Financial initiated coverage on shares of Brookfield (NYSE:BN) in a research note issued on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $82.00 price target on the stock. National Bank Financial’s target price points to a potential upside of 21.48% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Scotiabank lowered their target price on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 7th. Morgan Stanley reiterated an “overweight” rating on shares of Brookfield in a research note on Monday, May 19th. TD Securities lowered their target price on Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Wall Street Zen downgraded Brookfield from a “hold” rating to a “sell” rating in a research note on Saturday, July 12th. Finally, CIBC reduced their price target on Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Brookfield Trading Down 0.4%

Shares of BN stock opened at $67.50 on Tuesday. The business’s 50 day moving average is $61.66 and its two-hundred day moving average is $57.38. Brookfield has a twelve month low of $42.21 and a twelve month high of $68.75. The company has a market capitalization of $111.29 billion, a P/E ratio of 241.07 and a beta of 1.66. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.08. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Equities analysts forecast that Brookfield will post 3.85 EPS for the current year.

Hedge Funds Weigh In On Brookfield

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Brookfield by 1.6% during the first quarter. Vanguard Group Inc. now owns 60,892,877 shares of the company’s stock worth $3,186,707,000 after purchasing an additional 988,419 shares during the last quarter. Capital World Investors raised its holdings in Brookfield by 3.1% during the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company’s stock worth $3,390,786,000 after purchasing an additional 1,782,034 shares during the last quarter. Pershing Square Capital Management L.P. raised its holdings in Brookfield by 17.5% during the first quarter. Pershing Square Capital Management L.P. now owns 41,004,657 shares of the company’s stock worth $2,149,054,000 after purchasing an additional 6,111,593 shares during the last quarter. TD Asset Management Inc raised its holdings in Brookfield by 1.5% during the first quarter. TD Asset Management Inc now owns 24,584,311 shares of the company’s stock worth $1,286,395,000 after purchasing an additional 354,171 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Brookfield by 8.8% in the fourth quarter. FIL Ltd now owns 20,354,516 shares of the company’s stock worth $1,169,912,000 after acquiring an additional 1,640,903 shares during the last quarter. 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.