Brookfield Corporation [NYSE: BN] loss -3.70% or -1.24 points to close at $32.29 with a heavy trading volume of 4360872 shares. The company report on March 3, 2023 that Brookfield to Present at the RBC 2023 Global Financials Conference.
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A live webcast will be available on the Brookfield website at https://bn.brookfield.com/news-events/events. For those unable to join the live webcast, a recording will be available on Brookfield’s website shortly after the event.
It opened the trading session at $33.71, the shares rose to $34.15 and dropped to $32.23, the range by which the price of stock traded the whole day. The daily chart for BN points out that the company has recorded -16.67% loss over the past six months. However, it is still -7.35% lower than its most recent low trading price.
If we look at the average trading volume of 2.73M shares, BN reached to a volume of 4360872 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Brookfield Corporation [BN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BN shares is $47.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Brookfield Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 06, 2023.
The Average True Range (ATR) for Brookfield Corporation is set at 0.95, with the Price to Sales ratio for BN stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 7.06.
Trading performance analysis for BN stock
Brookfield Corporation [BN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.89. With this latest performance, BN shares dropped by -14.35% in over the last four-week period, additionally sinking by -16.67% over the last 6 months – not to mention a drop of -26.59% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BN stock in for the last two-week period is set at 30.96, with the RSI for the last a single of trading hit 24.99, and the three-weeks RSI is set at 35.00 for Brookfield Corporation [BN]. The present Moving Average for the last 50 days of trading for this stock 34.83, while it was recorded at 33.26 for the last single week of trading, and 42.52 for the last 200 days.
Brookfield Corporation [BN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Brookfield Corporation [BN] shares currently have an operating margin of +15.63 and a Gross Margin at +16.80. Brookfield Corporation’s Net Margin is presently recorded at +2.18.
Return on Equity for this stock inclined to 4.54, with Return on Assets sitting at 0.49.
Brookfield Corporation [BN]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Brookfield Corporation go to 18.50%.
An analysis of insider ownership at Brookfield Corporation [BN]
There are presently around $29,972 million, or 73.00% of BN stock, in the hands of institutional investors. The top three institutional holders of BN stocks are: BROOKFIELD CORP /ON/ with ownership of 131,887,746, which is approximately 1.19% of the company’s market cap and around 12.90% of the total institutional ownership; ROYAL BANK OF CANADA, holding 98,738,909 shares of the stock with an approximate value of $3.19 billion in BN stocks shares; and PRINCIPAL FINANCIAL GROUP INC, currently with $1.64 billion in BN stock with ownership of nearly 8.745% of the company’s market capitalization.
Positions in Brookfield Corporation stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 308 institutional holders increased their position in Brookfield Corporation [NYSE:BN] by around 53,918,480 shares. Additionally, 340 investors decreased positions by around 128,477,653 shares, while 126 investors held positions by with 745,818,753 shares. The mentioned changes placed institutional holdings at 928,214,886 shares, according to the latest SEC report filing. BN stock had 82 new institutional investments in for a total of 15,076,015 shares, while 121 institutional investors sold positions of 5,986,524 shares during the same period.