Brookfield Co. (NYSE:BN) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Brookfield Co. (NYSE:BN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $64.00.

A number of brokerages recently weighed in on BN. TD Securities raised their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective on the stock. Scotiabank raised their price objective on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th.

Brookfield Stock Down 2.6 %

Shares of BN traded down $1.57 during midday trading on Thursday, reaching $58.46. 1,075,593 shares of the stock were exchanged, compared to its average volume of 2,184,576. Brookfield has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The company's 50 day moving average is $58.54 and its two-hundred day moving average is $54.89. The company has a market capitalization of $96.23 billion, a P/E ratio of 194.77 and a beta of 1.57.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, sell-side analysts anticipate that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, March 14th. Brookfield's payout ratio is 106.67%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BN. CoreCap Advisors LLC purchased a new position in shares of Brookfield in the fourth quarter worth about $29,000. Compass Planning Associates Inc purchased a new position in shares of Brookfield in the fourth quarter worth about $30,000. First Personal Financial Services purchased a new position in shares of Brookfield in the third quarter worth about $42,000. FSA Wealth Management LLC purchased a new position in Brookfield during the third quarter valued at approximately $42,000. Finally, Sunbelt Securities Inc. raised its position in Brookfield by 164.0% during the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company's stock valued at $42,000 after acquiring an additional 451 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

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.