Brookfield Corporation (NYSE:BN) does about 2.20M shares in volume on a normal day but saw 3047479 shares change hands in Friday trading. The company now has a market cap of 53.27B USD . Its current market price is $33.08, marking an increase of 1.72% compared to the previous close of $32.52. The 52 week high reached by this stock is $42.99 whilst the lowest price level in 52 weeks is $28.25. The script in recent trading has seen the stock touch a high of $33.255 and a low of $31.86.
Brookfield Corporation (BN) has a 20-day trading average at $33.97 and the current price is -23.06% off the 52-week high compared with 17.10% distance from its 52-week low. The 50-day simple moving average of the closing price is $33.44 and its 200-day simple moving average is $34.48. If we look at the stock’s price movements over the week, volatility stands at 3.01%, which decreases to 2.53% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.57 to suggest the stock is neutral.
The consensus objective for the share price is $47.51, suggesting that the stock has a potential upside of 30.37% over the period.
The current price level is -2.95%, -1.00%, and -0.77% away from its SMA20, SMA50, and SMA200 respectively, with the BN price moving above the 50-day SMA on August 18. Brookfield Corporation (BN) stock is down -3.70% over the week and -6.42% over the past month. Its price is 5.15% year-to-date and -22.64% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2023, with the company’s earnings per share (EPS) of $0.04 below consensus estimates by -$0.84. BN’s earnings per share are forecast to grow by 148.40% this year and 17.80% over next year. Expected sales for next quarter are $32.13 billion, which analysts say will come at $126.85 billion for the current fiscal year and next year at $125.01 billion. In addition, estimates put the company’s current quarterly revenue at an average of $31.07 billion.
To reach the target analysts have set, the stock logically needs to grow 30.37 percent from here.
Outstanding shares total 1.56B with insiders holding 8.54% of the shares and institutional holders owning 60.08% of the company’s common stock. The company has a return on investment of 2.00% and return on equity of 0.40%. The price to earnings ratio (P/E ratio) amounts to 355.70 while the forward price to earnings ratio is 9.53. The beta has a value of 1.43. Price to book ratio is 1.28 and price to sales ratio is 0.56.
According to a U.S. Securities and Exchange Commission filing, Principal Funds, Inc – Mid Cap F has added its position in Brookfield Corporation (BN) to 22,555,693 shares, mirroring a recent increase by 4.84%. Principal Funds, Inc – Mid Cap F added 1.04 million shares of Brookfield Corporation common stock bringing its total worth to about $787.19 million at the end of recent close, SEC documents show. Principal Funds, Inc – Mid Cap F isn’t the only investment manager who changed stakes and is followed by Vanguard Total International Stoc, which added 73794.0 shares to end up with 20,088,027 shares worth $701.07 million. Akre Focus Fund raise their holdings by 2.94% in the company over the course of the most recent quarter. It now holds a 1.07% position in Brookfield Corporation thanks to 17.5 million shares amounting to $610.75 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
