In a report released today, Mario Saric from Scotiabank maintained a Buy rating on Brookfield Corporation (BN – Research Report), with a price target of $49.50. The company’s shares closed yesterday at $44.25.
Saric covers the Real Estate sector, focusing on stocks such as Dream Office Real Estate Investment, Boardwalk REIT, and RioCan Real Estate Investment. According to TipRanks, Saric has an average return of 13.6% and a 67.03% success rate on recommended stocks.
In addition to Scotiabank, Brookfield Corporation also received a Buy from RBC Capital’s Geoffrey Kwan in a report issued on April 29. However, yesterday, KBW reiterated a Hold rating on Brookfield Corporation (NYSE: BN).
Based on Brookfield Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $28.77 billion and a net profit of $699 million. In comparison, last year the company earned a revenue of $25.2 billion and had a GAAP net loss of $1.11 billion
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Brookfield Corporation (BN) Company Description:
Canada-based Brookfield Asset Management, Inc. is a leading alternative asset management company, focusing on real estate, renewable power, infrastructure and private equity. The company manages a range of public and private investment products and services for institutional and retail clients.
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