Brookfield Co. (NYSE:BN) Receives $55.31 Average Target Price from Analysts

Brookfield Co. (NYSE:BN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $55.31.

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods increased their target price on Brookfield from $44.00 to $46.00 and gave the company a "market perform" rating in a report on Friday, August 9th. Royal Bank of Canada dropped their price objective on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. BMO Capital Markets restated 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. TD Securities lifted their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Finally, Scotiabank boosted their price objective 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.

Hedge Funds Weigh In On Brookfield

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its position in shares of Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company's stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Brookfield during the 2nd quarter worth $31,000. Family Firm Inc. acquired a new stake in Brookfield in the 2nd quarter valued at $36,000. First Personal Financial Services purchased a new position in Brookfield in the third quarter valued at about $42,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Brookfield during the third quarter worth about $42,000. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Price Performance

Shares of NYSE BN traded down $0.22 on Friday, hitting $59.81. The company's stock had a trading volume of 1,984,123 shares, compared to its average volume of 1,747,701. 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 stock has a 50 day moving average of $56.11 and a 200-day moving average of $49.35. Brookfield has a 12-month low of $35.51 and a 12-month high of $62.44. The company has a market capitalization of $98.49 billion, a price-to-earnings ratio of 127.26 and a beta of 1.55.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield's dividend payout ratio (DPR) 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.