Analysts Set Brookfield Co. (NYSE:BN) PT at $64.00

Shares of Brookfield Co. (NYSE:BN - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $64.00.

A number of brokerages have recently commented on BN. TD Securities raised their price target on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target on the stock. Finally, Scotiabank raised their price target on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd.

Brookfield Stock Performance

BN stock traded down $0.41 during mid-day trading on Monday, reaching $53.66. The company had a trading volume of 3,515,642 shares, compared to its average volume of 2,544,007. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $88.32 billion, a P/E ratio of 178.86 and a beta of 1.65. Brookfield has a one year low of $38.18 and a one year high of $62.78. The stock's 50-day simple moving average is $57.20 and its two-hundred day simple moving average is $55.90.

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Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. Research analysts anticipate that Brookfield will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. Brookfield's dividend payout ratio is currently 120.00%.

Hedge Funds Weigh In On Brookfield

A number of institutional investors have recently bought and sold shares of the stock. Strategic Wealth Partners Ltd. increased its stake in Brookfield by 1.7% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock worth $618,000 after purchasing an additional 170 shares in the last quarter. Haverford Trust Co increased its stake in Brookfield by 4.7% in the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in Brookfield by 1.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after purchasing an additional 197 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in Brookfield by 14.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock worth $90,000 after purchasing an additional 203 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake in 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 in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

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.