Brookfield (NYSE:BN) PT Raised to $46.00 at Keefe, Bruyette & Woods

Brookfield (NYSE:BN) had its price objective boosted by analysts at Keefe, Bruyette & Woods from $44.00 to $46.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 2.40% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Scotiabank lifted their target price on Brookfield from $49.50 to $50.50 and gave the company an “outperform” rating in a report on Thursday, August 1st. Royal Bank of Canada lowered their target price on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, TD Securities raised their price objective on Brookfield from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.78.

Brookfield Price Performance

BN stock traded up $0.48 during mid-day trading on Friday, reaching $44.92. 1,905,807 shares of the company’s stock were exchanged, compared to its average volume of 3,224,635. Brookfield has a 12-month low of $28.84 and a 12-month high of $49.44. The stock’s 50 day moving average is $43.76 and its 200 day moving average is $42.22. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 1.02. The company has a market cap of $73.83 billion, a price-to-earnings ratio of 73.64 and a beta of 1.52.

Brookfield (NYSE:BN) last released its earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.57. The company had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. Brookfield’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. On average, research analysts expect that Brookfield will post 3.35 EPS for the current year.

Insider Buying and Selling at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the transaction, the director now directly owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Brookfield

A number of large investors have recently added to or reduced their stakes in BN. Nicholas Hoffman & Company LLC. boosted its stake in Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after buying an additional 257 shares during the period. Blue Trust Inc. raised its stake in Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Mckinley Capital Management LLC increased its stake in shares of Brookfield by 0.9% in the first quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company’s stock worth $1,367,000 after acquiring an additional 283 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Brookfield by 4.5% in the first quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company’s stock valued at $277,000 after acquiring an additional 288 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in shares of Brookfield by 20.6% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after acquiring an additional 296 shares during the period. 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.