Brookfield (NYSE:BN) Upgraded to “Strong-Buy” at BMO Capital Markets

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

Several other equities research analysts also recently issued reports on BN. TD boosted their price objective 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. Royal Bank Of Canada cut their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. TD Securities restated a “buy” rating and set a $60.00 target price on shares of Brookfield in a report on Tuesday, May 19th. Scotiabank reaffirmed an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. increased their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield currently has an average rating of “Buy” and an average target price of $56.64.

Brookfield Stock Up 0.9%

Shares of NYSE:BN opened at $42.47 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. Brookfield has a 1 year low of $37.93 and a 1 year high of $49.56. The stock has a market capitalization of $104.09 billion, a P/E ratio of 83.26 and a beta of 1.54. The stock has a 50-day simple moving average of $44.02 and a 200-day simple moving average of $44.23.

Institutional Inflows and Outflows

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