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

Shares of Brookfield Co. (NYSE:BN) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Two 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $47.25.

Several research firms recently commented on BN. JPMorgan Chase & Co. raised their price target on shares of Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Scotiabank upped their price target on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 9th. BMO Capital Markets boosted their target price on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. TD Securities raised their price target on Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research note on Sunday, February 11th. Finally, Royal Bank of Canada reduced their price target on Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday.

Brookfield Trading Up 1.7 %

NYSE BN opened at $41.65 on Friday. The firm’s 50 day moving average price is $40.83 and its two-hundred day moving average price is $38.16. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. Brookfield has a twelve month low of $28.84 and a twelve month high of $43.17. The stock has a market cap of $68.39 billion, a price-to-earnings ratio of 67.18 and a beta of 1.48.

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

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were issued a $0.08 dividend. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield’s payout ratio is 51.61%.

Insiders Place Their Bets

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were 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 in the company, valued at $175,526,263.44. The disclosure for this sale can be found here. Company insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Brookfield

Several large investors have recently made changes to their positions in BN. Fortis Group Advisors LLC increased its position in Brookfield by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after buying an additional 337 shares during the period. FinTrust Capital Advisors LLC acquired a new position in Brookfield during the 3rd quarter valued at $25,000. Sunbelt Securities Inc. boosted its holdings in Brookfield by 4,670.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 794 shares during the period. Allworth Financial LP grew its position in Brookfield by 256.2% in the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after purchasing an additional 638 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in shares of Brookfield during the 1st quarter worth about $42,000. 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.