Brookfield’s (BN) Outperform Rating Reiterated at BMO Capital Markets

Brookfield (NYSE:BN)‘s stock had its “outperform” rating reissued by analysts at BMO Capital Markets in a research report issued on Friday,Benzinga reports. They currently have a $62.00 price target on the stock, up from their prior price target of $50.00. BMO Capital Markets’ target price would suggest a potential upside of 8.91% from the company’s current price.

BN has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods upped their price target on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Scotiabank boosted their target price on shares of Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lowered their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, TD Securities upped their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.81.

Brookfield Stock Down 1.5 %

Shares of NYSE BN traded down $0.87 during trading on Friday, reaching $56.93. 382,424 shares of the stock were exchanged, compared to its average volume of 2,777,784. The business’s 50-day moving average price is $53.26 and its 200 day moving average price is $47.54. Brookfield has a twelve month low of $33.61 and a twelve month high of $60.20. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $93.75 billion, a price-to-earnings ratio of 98.16 and a beta of 1.53.

Institutional Trading of Brookfield

Several institutional investors have recently made changes to their positions in BN. Vanguard Group Inc. raised its position in Brookfield by 1.9% during the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock valued at $2,406,700,000 after acquiring an additional 1,063,110 shares in the last quarter. Capital World Investors raised its position in Brookfield by 5.1% during the first quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock valued at $2,173,923,000 after acquiring an additional 2,497,509 shares in the last quarter. 1832 Asset Management L.P. raised its position in Brookfield by 1.3% during the first quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company’s stock valued at $946,495,000 after acquiring an additional 299,029 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after acquiring an additional 2,818,716 shares in the last quarter. Finally, Cooke & Bieler LP raised its position in Brookfield by 5.0% during the second quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company’s stock valued at $236,727,000 after acquiring an additional 269,813 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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.