Scotiabank Boosts Brookfield (NYSE:BN) Price Target to $54.00

Brookfield (NYSE:BN) had its target price hoisted by Scotiabank from $53.00 to $54.00 in a report released on Friday,Benzinga reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 24.13% from the stock’s previous close.

A number of other brokerages also recently issued reports on BN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a report on Wednesday, June 24th. Morgan Stanley set a $59.00 price target on Brookfield and gave the company an “overweight” rating in a report on Tuesday, July 21st. Royal Bank Of Canada reduced their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Scotia increased their target price on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Finally, TD lifted their price target on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Two analysts have 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.com, the company has a consensus rating of “Buy” and an average price target of $56.73.

Brookfield Stock Down 3.6%

NYSE:BN traded down $1.61 during mid-day trading on Friday, hitting $43.50. The stock had a trading volume of 1,753,827 shares, compared to its average volume of 5,187,118. Brookfield has a twelve month low of $37.93 and a twelve month high of $49.56. The stock has a 50-day simple moving average of $43.64 and a two-hundred day simple moving average of $43.95. The company has a market capitalization of $106.66 billion, a PE ratio of 85.28 and a beta of 1.54. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Partners Value Investments L.P. raised its holdings in shares of Brookfield by 50.0% in the fourth quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock valued at $8,324,719,000 after buying an additional 60,468,651 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Brookfield by 40.5% during the fourth quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock worth $5,215,504,000 after buying an additional 32,760,558 shares during the last quarter. Capital World Investors increased its position in Brookfield by 45.0% in the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock valued at $4,546,443,000 after acquiring an additional 30,755,354 shares during the period. Vanguard Group Inc. increased its position in Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after acquiring an additional 31,543,313 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Brookfield by 27.9% during the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after acquiring an additional 14,200,710 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield News Summary

Here are the key news stories impacting Brookfield this week:

• Positive Sentiment: Brookfield reported second-quarter distributable earnings of $0.66 per share, up 12% from $0.59 a year earlier and above the $0.62 consensus estimate. Distributable earnings before realizations rose 15% per share to $0.61. Brookfield earnings report
• Positive Sentiment: Asset management fee-related earnings increased 20%, supported by record quarterly fundraising of $77 billion and a 19% rise in fee-bearing capital to $672 billion. Wealth Solutions earnings also grew 23%, helped by organic inflows and the Just Group acquisition. Brookfield Q2 earnings article
• Positive Sentiment: Record fundraising and asset monetizations increased deployable capital to $210 billion, giving Brookfield significant capacity for future investments. The company also completed its Oaktree and Just Group acquisitions and repurchased approximately $580 million of shares year to date.
• Positive Sentiment: The company declared its regular quarterly dividend of $0.07 per share, payable September 29 to shareholders of record September 14. The dividend provides only a modest 0.6% annualized yield but supports Brookfield’s shareholder-return program.
• Neutral Sentiment: Brookfield’s reported revenue of $1.66 billion was essentially in line with expectations, while management highlighted resilient cash flows, strong real estate occupancy and a conservatively capitalized balance sheet.
• Negative Sentiment: Consolidated net income fell to $703 million from $1.055 billion in the prior-year quarter. This decline, along with the gap between reported IFRS results and adjusted distributable earnings, appears to have driven some investor caution and headlines describing the quarter as below Wall Street expectations. Brookfield shares and Q2 earnings article

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.