Brookfield Corporation [NYSE: BN] closed the trading session at $41.10. The company report on March 13, 2024 at 3:42 PM that Hearing Date Set for Brookfield Reinsurance Acquisition of AEL.
Sachin Shah, CEO of Brookfield Reinsurance said, “We are excited to move toward closing this transaction and begin the work of building AEL into a leader in the U.S. annuity markets. We look forward to working with all stakeholders to drive the business forward, and to make a positive impact in the Des Moines community and on AEL’s policyholders and employees.”.
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
The stocks have a year to date performance of 2.44 percent and weekly performance of -2.68 percent. The stock has been moved at 16.73 percent over the last six months. The stock has performed 5.14 percent around the most recent 30 days and changed 13.19 percent over the most recent 3-months.
If compared to the average trading volume of 2.55M shares, BN reached to a volume of 3564073 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $48.28 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 1.90. 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.
Canaccord Genuity have made an estimate for Brookfield Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 11, 2023. The new note on the price target was released on May 12, 2023, representing the official price target for Brookfield Corporation stock. Previously, the target price had yet another raise to $41, while Credit Suisse analysts kept a Outperform rating on BN stock. On February 06, 2023, analysts decreased their price target for BN shares from 42 to 41.
The Average True Range (ATR) for Brookfield Corporation is set at 0.92, with the Price to Sales ratio for BN stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 6.84. Price to Free Cash Flow for BN in the course of the last twelve months was 134.53.
BN stock trade performance evaluation
Brookfield Corporation [BN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.68. With this latest performance, BN shares gained by 5.14% in over the last four-week period, additionally plugging by 16.73% over the last 6 months – not to mention a rise of 39.37% 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 50.79, with the RSI for the last a single of trading hit 46.08, and the three-weeks RSI is set at 53.17 for Brookfield Corporation [BN]. The present Moving Average for the last 50 days of trading for this stock 40.27, while it was recorded at 41.79 for the last single week of trading, and 35.31 for the last 200 days.
Earnings per share (EPS) analysis for Brookfield Corporation [BN] stock
With the latest financial reports released by the company, Brookfield Corporation posted 0.95/share EPS, while the average EPS was predicted by analysts to be reported at 0.91/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.40%. 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.
Brookfield Corporation [BN]: Institutional Ownership
The top three institutional holders of BN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BN stock with ownership which is approximately 5.8325%.
