Brookfield (NYSE:BN) Rating Increased to Hold at Wall Street Zen

Brookfield (NYSE:BN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

BN has been the topic of a number of other research reports. TD Securities lowered their price objective on Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Morgan Stanley reissued an “overweight” rating on shares of Brookfield in a report on Monday, May 19th. JPMorgan Chase & Co. lowered their price objective on Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Scotiabank lowered their price objective on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a report on Monday, April 7th. Finally, CIBC lowered their price objective on Brookfield from $74.00 to $72.00 and set an “outperformer” rating on the stock in a report on Friday, May 9th. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Brookfield Stock Performance

Shares of BN stock opened at $58.56 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield has a fifty-two week low of $39.97 and a fifty-two week high of $62.78. The stock’s 50-day moving average is $54.08 and its two-hundred day moving average is $56.22. The firm has a market cap of $96.48 billion, a P/E ratio of 195.21 and a beta of 1.66.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Analysts predict that Brookfield will post 3.85 earnings per share for the current fiscal year.

Institutional Trading of Brookfield

A number of hedge funds have recently modified their holdings of the company. eCIO Inc. bought a new stake in shares of Brookfield in the 1st quarter worth approximately $111,000. Anson Funds Management LP acquired a new stake in Brookfield in the 1st quarter valued at $1,047,000. Belpointe Asset Management LLC acquired a new stake in Brookfield in the 1st quarter valued at $212,000. Intech Investment Management LLC boosted its stake in Brookfield by 14.5% in the 1st quarter. Intech Investment Management LLC now owns 42,275 shares of the company’s stock valued at $2,212,000 after buying an additional 5,361 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Brookfield by 7.4% in the 1st quarter. Focus Partners Wealth now owns 817,740 shares of the company’s stock valued at $42,857,000 after buying an additional 56,267 shares in the last quarter. 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.