Brookfield Corporation (NYSE:BN – Get Free Report) has been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $56.9091.
BN has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. TD upped their price target on Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. BMO Capital Markets upgraded Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Scotia upped their price target on shares of Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 14th.
Institutional Investors Weigh In On Brookfield
Brookfield Trading Up 0.1%
Shares of NYSE:BN opened at $41.36 on Monday. The stock’s 50-day simple moving average is $43.01 and its two-hundred day simple moving average is $43.64. The stock has a market capitalization of $101.41 billion, a price-to-earnings ratio of 75.20 and a beta of 1.54. Brookfield has a 52-week low of $37.93 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34.
Brookfield (NYSE:BN – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. Analysts expect that Brookfield will post 2.93 EPS for the current year.
Brookfield Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, September 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Brookfield’s payout ratio is 50.91%.
About Brookfield
Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.
Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.
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