Brookfield (NYSE:BN) Stock Rating Upgraded by BMO Capital Markets

Brookfield (NYSE:BN) was upgraded by equities research analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms also recently commented on BN. Royal Bank Of Canada lowered their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Scotiabank reiterated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Wednesday, June 24th. TD Securities reissued a “buy” rating and set a $60.00 price objective on shares of Brookfield in a report on Tuesday, May 19th. Finally, Morgan Stanley set a $59.00 price objective on Brookfield and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $56.64.

Brookfield Stock Up 0.9%

Shares of BN opened at $42.47 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. Brookfield has a 12-month low of $37.93 and a 12-month high of $49.56. The business’s 50 day moving average is $44.02 and its 200 day moving average is $44.23. The company has a market capitalization of $104.09 billion, a PE ratio of 83.26 and a beta of 1.54.

Hedge Funds Weigh In On Brookfield

Institutional investors have recently bought and sold shares of the business. MCF Advisors LLC purchased a new position in shares of Brookfield in the 4th quarter worth $26,000. Quattro Advisors LLC purchased a new stake in shares of Brookfield during the 4th quarter valued at about $26,000. Exchange Traded Concepts LLC purchased a new stake in shares of Brookfield during the 4th quarter valued at about $27,000. Truvestments Capital LLC raised its position in shares of Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after buying an additional 213 shares in the last quarter. Finally, New England Capital Financial Advisors LLC lifted its holdings in shares of Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after acquiring an additional 251 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Company Profile

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.