Brookfield Corporation [NYSE: BN] stock went on an upward path that rose over 12.89% on Wednesday, amounting to a one-week price decrease of less than -7.23%.
Over the last 12 months, BN stock rose by 24.48%. The one-year Brookfield Corporation stock forecast points to a potential upside of 24.93. The average equity rating for BN stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $75.61 billion, with 1.51 billion shares outstanding and 1.24 billion shares in the current float. Compared to the average trading volume of 3.06M shares, BN stock reached a trading volume of 8690229 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $67.20 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 1.80. 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 2.88, with the Price to Sales ratio for BN stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 13.47.
BN Stock Performance Analysis:
Brookfield Corporation [BN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.23. With this latest performance, BN shares gained by 1.14% in over the last four-week period, additionally sinking by -4.00% over the last 6 months – not to mention a rise of 24.48% 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 46.10, with the RSI for the last a single of trading hit 48.47, and the three-weeks RSI is set at 45.10 for Brookfield Corporation [BN]. The present Moving Average for the last 50 days of trading for this stock 55.23, while it was recorded at 47.53 for the last single week of trading, and 53.00 for the last 200 days.
BN Stock EPS
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 15.49%.
Brookfield Corporation [BN] Institutonal Ownership Details
There are presently around $58.76%, or 71.21%% of BN stock, in the hands of institutional investors. The top three institutional holders of BN stocks are: PARTNERS VALUE INVESTMENTS LP with ownership of 120.97 million shares, which is approximately 8.0133%. ROYAL BANK OF CANADA, holding 90.6 million shares of the stock with an approximate value of $$3.76 billion in BN stocks shares; and ROYAL BANK OF CANADA, currently with $$2.53 billion in BN stock with ownership which is approximately 4.0314%.
