Brookfield (NYSE:BN) Reaches New 12-Month High - Time to Buy?

Brookfield Co. (NYSE:BN - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $60.68 and last traded at $60.68, with a volume of 10296 shares traded. The stock had previously closed at $57.61.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BN. Scotiabank upped their price target on shares of Brookfield from $51.25 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Royal Bank of Canada reduced their price target on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. TD Securities increased their price objective on shares of Brookfield from $62.00 to $63.00 and gave the company a "buy" rating in a report on Monday, August 12th. Finally, BMO Capital Markets increased their price objective on shares of Brookfield from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.31.

Brookfield Stock Performance

The firm's 50 day moving average price is $53.26 and its two-hundred day moving average price is $47.54. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $95.21 billion, a PE ratio of 99.69 and a beta of 1.53.

Institutional Trading of Brookfield

Several hedge funds have recently made changes to their positions in BN. Nicholas Hoffman & Company LLC. boosted its position in shares of Brookfield by 3.9% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company's stock worth $282,000 after purchasing an additional 257 shares during the period. Blue Trust Inc. boosted its position in shares of Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company's stock worth $30,000 after purchasing an additional 272 shares during the period. First Trust Direct Indexing L.P. boosted its position in shares of Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company's stock worth $551,000 after purchasing an additional 292 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of Brookfield by 20.6% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company's stock worth $71,000 after purchasing an additional 296 shares during the period. Finally, Caprock Group LLC boosted its position in shares of Brookfield by 2.5% during the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company's stock worth $655,000 after purchasing an additional 300 shares during the period. 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.