Brookfield (NYSE:BN) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of Brookfield (NYSE:BN) in a report released on Thursday,Benzinga reports. The brokerage set an “overweight” rating and a $80.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 34.56% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Scotiabank increased their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Finally, CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.06.

Brookfield Stock Performance

Shares of Brookfield stock traded up $0.52 during trading hours on Thursday, reaching $59.45. 816,736 shares of the stock traded hands, compared to its average volume of 2,476,405. The company has a 50 day moving average price of $58.18 and a 200 day moving average price of $52.91. Brookfield has a one year low of $38.18 and a one year high of $62.44. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $97.85 billion, a price-to-earnings ratio of 126.43 and a beta of 1.56.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Personal Financial Services bought a new stake in shares of Brookfield in the 3rd quarter valued at about $42,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the 3rd quarter worth $42,000. Prestige Wealth Management Group LLC lifted its stake in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the last quarter. Continuum Advisory LLC purchased a new position in Brookfield in the third quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. raised its holdings in Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

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.