Brookfield (NYSE:BN - Get Free Report) had its target price boosted by stock analysts at TD Securities from $74.00 to $75.00 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the stock. TD Securities' price objective would indicate a potential upside of 23.20% from the stock's previous close.
A number of other research analysts have also issued reports on the stock. Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. Finally, CIBC raised their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.00.
Read Our Latest Stock Analysis on Brookfield
Brookfield Stock Up 0.8 %
Brookfield stock traded up $0.50 during trading hours on Tuesday, hitting $60.88. The company had a trading volume of 2,044,206 shares, compared to its average volume of 2,230,488. The firm has a market capitalization of $100.20 billion, a P/E ratio of 129.53 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The firm's fifty day moving average is $58.42 and its 200-day moving average is $54.43. Brookfield has a fifty-two week low of $38.18 and a fifty-two week high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 1.00% and a return on equity of 3.74%. On average, research analysts forecast that Brookfield will post 3.83 earnings per share for the current year.
Hedge Funds Weigh In On Brookfield
A number of hedge funds and other institutional investors have recently made changes to their positions in BN. Valeo Financial Advisors LLC bought a new position in Brookfield during the 3rd quarter valued at about $210,000. Creative Planning lifted its holdings in Brookfield by 7.1% during the 3rd quarter. Creative Planning now owns 349,696 shares of the company's stock valued at $18,586,000 after purchasing an additional 23,269 shares during the last quarter. Trust Co. of Oklahoma lifted its holdings in Brookfield by 18.6% during the 3rd quarter. Trust Co. of Oklahoma now owns 7,235 shares of the company's stock valued at $385,000 after purchasing an additional 1,135 shares during the last quarter. Baskin Financial Services Inc. lifted its holdings in Brookfield by 0.6% during the 3rd quarter. Baskin Financial Services Inc. now owns 938,058 shares of the company's stock valued at $49,788,000 after purchasing an additional 6,051 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. lifted its holdings in Brookfield by 0.8% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,757,035 shares of the company's stock valued at $93,422,000 after purchasing an additional 14,661 shares during the last quarter. 61.60% of the stock is owned by 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.
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