Brookfield Corporation (NYSE: BN) is -6.26% lower on its value in year-to-date trading and has touched a low of $28.97 and a high of $48.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BN stock was last observed hovering at around $29.04 in the last trading session, with the day’s gains setting it 0.45% off its average median price target of $49.00 for the next 12 months. It is also 52.44% off the consensus price target high of $62.00 offered by 12 analysts, but current levels are 10.64% higher than the price target low of $33.00 for the same period.
Currently trading at $29.49, the stock is -12.53% and -15.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing 1.55% at the moment leaves the stock -18.86% off its SMA200. BN registered -32.33% loss for a year compared to 6-month loss of -29.47%.
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The stock witnessed a -18.81% gain in the last 1 month and extending the period to 3 months gives it a -16.10%, and is -8.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.69% over the week and 2.77% over the month.
Brookfield Corporation (BN) has around 180000 employees, a market worth around $50.83B and $92.77B in sales. Current P/E ratio is 25.21 and Fwd P/E is 8.69. Profit margin for the company is 4.00%. Distance from 52-week low is 1.79% and -38.81% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
Brookfield Corporation (BN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Brookfield Corporation (BN) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Brookfield Corporation is expected to release its quarterly report on 05/11/2023.The EPS is expected to grow by 151.50% this year.
Brookfield Corporation (BN) Top Institutional Holders
The shares outstanding are 1.56B, and float is at 1.38B with Short Float at 0.63%.
Brookfield Corporation (BN) Insider Activity
A total of 298 insider transactions have happened at Brookfield Corporation (BN) in the last six months, with sales accounting for 89 and purchases happening 209 times.
Brookfield Corporation (BN): Who are the competitors?
The company’s main competitors (and peers) include CF Industries Holdings Inc. (CF) that is trading -22.32% down over the past 12 months and Canadian Imperial Bank of Commerce (CM) that is -32.64% lower over the same period. BlackRock Inc. (BLK) is -7.16% down on the 1-year trading charts.