Brookfield Co. (NYSE:BN) Receives $53.31 Consensus Price Target from Analysts

Brookfield Co. (NYSE:BN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.31.

BN has been the topic of several recent analyst reports. Royal Bank of Canada dropped their target price on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. BMO Capital Markets upped their price target on shares of Brookfield from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Scotiabank increased their target price on shares of Brookfield from $51.25 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a "market perform" rating in a research note on Friday, August 9th.

Institutional Investors Weigh In On Brookfield

A number of hedge funds have recently bought and sold shares of BN. Vanguard Group Inc. grew its holdings in shares of Brookfield by 1.9% in the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company's stock worth $2,406,700,000 after purchasing an additional 1,063,110 shares during the last quarter. Capital World Investors lifted its position in shares of Brookfield by 5.1% during the first quarter. Capital World Investors now owns 51,922,031 shares of the company's stock valued at $2,173,923,000 after buying an additional 2,497,509 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of Brookfield by 1.3% during the first quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company's stock valued at $946,495,000 after buying an additional 299,029 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Brookfield by 5.0% in the 2nd quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company's stock valued at $236,727,000 after purchasing an additional 269,813 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after purchasing an additional 351,231 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Down 1.4 %

Shares of NYSE BN traded down $0.83 during mid-day trading on Tuesday, hitting $57.94. The company had a trading volume of 768,179 shares, compared to its average volume of 2,797,283. The firm has a 50-day simple moving average of $52.64 and a two-hundred day simple moving average of $47.28. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $95.39 billion, a PE ratio of 101.35 and a beta of 1.53. Brookfield has a one year low of $31.51 and a one year high of $59.23.

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.