Brookfield (NYSE:BN) PT Raised to $42.50

Brookfield (NYSE:BNGet Free Report) had its target price raised by analysts at Canaccord Genuity Group from $41.00 to $42.50 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 4.06% from the stock’s previous close.

BN has been the topic of a number of other research reports. CIBC upped their price target on Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday. Keefe, Bruyette & Woods increased their target price on shares of Brookfield from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, November 10th. TD Securities boosted their price target on shares of Brookfield from $55.00 to $61.00 and gave the company an “action list buy” rating in a research report on Monday, February 5th. Royal Bank of Canada raised their price objective on shares of Brookfield from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Scotiabank boosted their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.25.

Read Our Latest Analysis on BN

Brookfield Price Performance

Shares of NYSE BN opened at $40.84 on Friday. The company has a market capitalization of $66.97 billion, a PE ratio of 65.87 and a beta of 1.50. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 1.37. The stock’s 50 day moving average price is $39.06 and its 200-day moving average price is $35.14. Brookfield has a twelve month low of $28.25 and a twelve month high of $41.23.

Brookfield (NYSE:BNGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The company had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.29%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. On average, equities analysts anticipate that Brookfield will post 3.75 EPS for the current year.

Insider Activity at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 562,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $12.06, for a total value of $6,783,750.00. Following the completion of the transaction, the director now owns 16,742,168 shares of the company’s stock, valued at approximately $201,910,546.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Brookfield news, Director Ocm Growth Holdings Llc sold 562,500 shares of Brookfield stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $12.06, for a total transaction of $6,783,750.00. Following the completion of the sale, the director now owns 16,742,168 shares of the company’s stock, valued at $201,910,546.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Gp Ltd Bcp sold 387,068 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $2.24, for a total value of $867,032.32. Following the completion of the transaction, the insider now owns 29,981,414 shares of the company’s stock, valued at $67,158,367.36. The disclosure for this sale can be found here. Insiders have sold 6,545,283 shares of company stock valued at $22,555,512 over the last three months. 11.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BN. Bartlett & Co. LLC increased its holdings in shares of Brookfield by 3.9% in the fourth quarter. Bartlett & Co. LLC now owns 7,391 shares of the company’s stock worth $297,000 after buying an additional 277 shares during the period. M&T Bank Corp increased its stake in Brookfield by 3.3% in the 4th quarter. M&T Bank Corp now owns 9,942 shares of the company’s stock worth $400,000 after purchasing an additional 314 shares during the period. Parkside Financial Bank & Trust lifted its position in Brookfield by 32.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,349 shares of the company’s stock valued at $45,000 after purchasing an additional 329 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of Brookfield by 5.3% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,334 shares of the company’s stock valued at $294,000 after purchasing an additional 372 shares during the period. Finally, Retirement Group LLC grew its holdings in shares of Brookfield by 0.5% in the second quarter. Retirement Group LLC now owns 80,512 shares of the company’s stock worth $2,709,000 after purchasing an additional 389 shares during the last quarter. 58.22% of the stock is owned by hedge funds and other 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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