Brokerages Set Brookfield Co. (NYSE:BN) Target Price at $55.31

Brookfield Co. (NYSE:BN - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $55.31.

A number of brokerages have issued reports on BN. BMO Capital Markets reiterated an "outperform" rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank lifted their price objective on shares of Brookfield from $65.00 to $69.00 and gave the company a "sector outperform" rating in a report on Friday, November 15th.

Hedge Funds Weigh In On Brookfield

Several large investors have recently bought and sold shares of the business. First Personal Financial Services purchased a new position in Brookfield in the third quarter valued at approximately $42,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield in the 3rd quarter valued at $42,000. Prestige Wealth Management Group LLC grew its position in shares of Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after buying an additional 500 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Brookfield during the 3rd quarter worth $55,000. Finally, Asset Dedication LLC purchased a new stake in Brookfield in the second quarter valued at $56,000. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Trading Up 0.2 %

Shares of BN stock traded up $0.10 on Wednesday, hitting $57.45. The stock had a trading volume of 1,549,196 shares, compared to its average volume of 2,691,812. The company's 50 day moving average price is $57.59 and its 200-day moving average price is $51.25. Brookfield has a 1 year low of $37.77 and a 1 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 $86.66 billion, a P/E ratio of 122.24 and a beta of 1.55.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.56%. The ex-dividend date was Monday, December 16th. Brookfield's dividend payout ratio (DPR) is presently 68.09%.

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.