Brookfield Residential Properties Receives Buy Rating from Citigroup Inc. (BRP)
Brookfield Residential Properties (NYSE:BRP)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a report issued on Monday. They currently have a $26.00 price objective on the stock, down from their previous price objective of $28.00. Citigroup Inc.’s price objective would indicate a potential upside of 33.26% from the company’s current price.
Shares of Brookfield Residential Properties (NYSE:BRP) traded up 0.46% on Monday, hitting $19.60. 59,137 shares of the company’s stock traded hands. Brookfield Residential Properties has a one year low of $18.24 and a one year high of $24.50. The stock’s 50-day moving average is $19.63 and its 200-day moving average is $20.55. The company has a market cap of $2.279 billion and a P/E ratio of 12.69.
Brookfield Residential Properties (NYSE:BRP) last released its earnings data on Friday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. On average, analysts predict that Brookfield Residential Properties will post $1.76 earnings per share for the current fiscal year.
Separately, analysts at RBC Capital downgraded shares of Brookfield Residential Properties from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 29th. They now have a $23.00 price target on the stock.
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