Scotiabank Has Lowered Expectations for Brookfield (NYSE:BN) Stock Price

Brookfield (NYSE:BN - Get Free Report) had its target price dropped by equities research analysts at Scotiabank from $71.00 to $68.00 in a note issued to investors on Monday, MarketBeat reports. The brokerage presently has a "sector outperform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 39.92% from the company's previous close.

A number of other research firms have also weighed in on BN. TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price on the stock. Finally, CIBC increased 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.63.

Brookfield Price Performance

NYSE BN traded up $1.67 on Monday, hitting $48.60. The company had a trading volume of 4,065,869 shares, compared to its average volume of 2,825,629. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a market capitalization of $80.03 billion, a PE ratio of 162.01 and a beta of 1.60. Brookfield has a 12-month low of $38.18 and a 12-month high of $62.78. The company's fifty day moving average price is $54.22 and its 200-day moving average price is $56.03.

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Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, analysts predict that Brookfield will post 3.85 earnings per share for the current year.

Institutional Trading of Brookfield

Several institutional investors and hedge funds have recently bought and sold shares of BN. Quantinno Capital Management LP raised its position in Brookfield by 49.1% in the third quarter. Quantinno Capital Management LP now owns 26,783 shares of the company's stock valued at $1,424,000 after purchasing an additional 8,814 shares during the period. Wellington Management Group LLP grew its stake in shares of Brookfield by 2.7% in the third quarter. Wellington Management Group LLP now owns 1,170,931 shares of the company's stock valued at $62,240,000 after buying an additional 30,566 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Brookfield by 12.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,419 shares of the company's stock valued at $873,000 after buying an additional 1,811 shares during the period. MML Investors Services LLC lifted its stake in Brookfield by 11.2% during the 3rd quarter. MML Investors Services LLC now owns 13,372 shares of the company's stock worth $711,000 after acquiring an additional 1,347 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Brookfield during the 3rd quarter worth about $6,485,000. 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.