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

Shares of Brookfield Co. (NYSE:BN) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $60.06.

BN has been the topic of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday. Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday. They set an “overweight” rating and a $80.00 target price for the company. Finally, Scotiabank raised their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Personal Financial Services purchased a new position in shares of Brookfield in the 3rd quarter worth about $42,000. FSA Wealth Management LLC purchased a new position in Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC grew its position in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Brookfield during the 3rd quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. raised its holdings in shares of Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of Brookfield stock opened at $61.09 on Friday. The business has a 50-day simple moving average of $58.30 and a 200 day simple moving average of $53.15. Brookfield has a one year low of $38.18 and a one year high of $62.44. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The firm has a market capitalization of $100.54 billion, a price-to-earnings ratio of 129.97 and a beta of 1.56.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s payout ratio is 68.09%.

About Brookfield

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.