Brookfield (NYSE:BN) PT Set at $58.00 by Royal Bank Of Canada

Brookfield (NYSE:BN) has been given a $58.00 target price by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 22.34% from the company’s current price.

BN has been the subject of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. BMO Capital Markets reiterated an “outperform” rating and set a $49.00 price target (up from $46.00) on shares of Brookfield in a report on Wednesday, December 17th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. Morgan Stanley set a $54.00 target price on shares of Brookfield and gave the stock an “overweight” rating in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $54.27.

Brookfield Stock Up 0.9%

BN opened at $47.41 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.31 and a quick ratio of 1.19. Brookfield has a 12 month low of $29.07 and a 12 month high of $49.56. The stock has a market capitalization of $117.42 billion, a P/E ratio of 131.69 and a beta of 1.58. The business has a 50 day simple moving average of $46.44 and a 200-day simple moving average of $45.43.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. On average, equities analysts anticipate that Brookfield will post 3.85 earnings per share for the current fiscal year.

Institutional Trading of Brookfield

A number of institutional investors and hedge funds have recently bought and sold shares of BN. Hilltop National Bank purchased a new position in shares of Brookfield in the 2nd quarter valued at $30,000. Twin Peaks Wealth Advisors LLC purchased a new position in Brookfield in the second quarter valued at about $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Brookfield during the second quarter worth about $33,000. First Horizon Corp purchased a new stake in shares of Brookfield in the third quarter worth about $40,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Brookfield in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

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.