Brookfield (NYSE:BN) Given New $62.00 Price Target at JPMorgan Chase & Co.

Brookfield (NYSE:BNGet Free Report) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $60.00 to $62.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 35.48% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Brookfield from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, National Bank Financial lifted their price objective on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.39.

Check Out Our Latest Analysis on Brookfield

Brookfield Price Performance

NYSE BN traded down $0.58 during mid-day trading on Tuesday, hitting $45.76. The stock had a trading volume of 1,126,780 shares, compared to its average volume of 5,862,149. The company has a 50 day simple moving average of $42.58 and a 200 day simple moving average of $44.92. The company has a market cap of $112.16 billion, a price-to-earnings ratio of 92.83 and a beta of 1.55. Brookfield has a 52-week low of $37.54 and a 52-week high of $49.56. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

Brookfield (NYSE:BNGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. Equities analysts forecast that Brookfield will post 2.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookfield

Hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC acquired a new stake in shares of Brookfield during the 4th quarter worth $26,000. Quattro Advisors LLC acquired a new position in Brookfield in the fourth quarter valued at $26,000. Exchange Traded Concepts LLC purchased a new stake in Brookfield during the fourth quarter valued at about $27,000. Truvestments Capital LLC increased its stake in Brookfield by 49.9% during the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Finally, Hilltop National Bank increased its stake in Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Company Profile

(Get Free Report)

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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