Morgan Stanley started coverage on shares of Brookfield (NYSE:BN - Get Free Report) in a report issued on Thursday,Benzinga reports. The firm set an "overweight" rating and a $80.00 price target on the stock. Morgan Stanley's price objective points to a potential upside of 30.96% from the stock's previous close.
BN has been the subject of several other research reports. CIBC raised their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday. Scotiabank upped their target price on Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 15th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Brookfield presently has an average rating of "Moderate Buy" and a consensus price target of $60.06.
Get Our Latest Stock Report on Brookfield
Brookfield Trading Up 2.5 %
Shares of BN stock traded up $1.52 on Thursday, hitting $61.09. The company had a trading volume of 1,991,502 shares, compared to its average volume of 2,586,079. The stock's 50-day moving average is $58.30 and its two-hundred day moving average is $53.08. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The firm has a market cap of $100.54 billion, a P/E ratio of 129.97 and a beta of 1.56. Brookfield has a twelve month low of $38.18 and a twelve month high of $62.44.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BN. First Personal Financial Services purchased a new stake in Brookfield in the 3rd quarter worth about $42,000. FSA Wealth Management LLC bought a new position in Brookfield during the third quarter worth about $42,000. Prestige Wealth Management Group LLC increased its stake in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock worth $46,000 after purchasing an additional 500 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of Brookfield in the third quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after buying an additional 221 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.
About Brookfield
(
Get Free Report)
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.
See Also
Before you consider Brookfield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield wasn't on the list.
While Brookfield currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
