Brookfield Corporation (NYSE:BN) saw a downside of -2.11% to close Tuesday at $32.08 after subtracting -$0.69 on the day. The 5-day average trading volume is 2,632,260 shares of the company’s common stock. It has gained $33.50 in the past week and touched a new high 2 times within the past 5 days. An average of 2,367,225 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,267,946.
BN’s 1-month performance is -9.66% or -$3.40 on its low of $31.65 reached on 08/22/23. The company’s shares have touched a 52-week low of $28.25 and high of $42.11, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, BN has achieved 1.97% or $0.62 and has reached a new high 14 times. However, the current price is down -23.83% from the 52-week high price.
Insider Transactions
BN stock investors last saw insider trading activity on Jun 22.OCM Opps EB Holdings Ltd. (10% Owner) most recently sold 3,781,561 shares at $58.00 per share on Jun 22. This transaction cost the insider $219,330,538. Director, Brookfield Multi-Strategy Mast, sold 50,256 shares at a price of $11.94 on Mar 29. Then, on Mar 28, Director Brookfield Multi-Strategy Mast sold 24,744 shares at a price of $11.96 per share. This transaction amounted to $295,988.
Valuation Metrics
BN stock has a beta of 1.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.55 while the price-to-book (PB) in the most recent quarter is 1.24.
As well, the company’s long term debt to equity for the quarter ending June 29 was 5.38, while the total debt to equity was 5.43.. In terms of profitability, the gross margin trailing 12 months is 15.70%. The firm’s gross profit as reported stood at $14.26 billion against revenue of $92.77 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BN to announce $0.87 per share in earnings in its latest quarter, but it posted $0.04, representing a -95.40% surprise. EBITDA for the quarter stood at more than $5.95 billion. BN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 307.55 billion, with total debt at $219.7 billion.
Let’s look briefly at Brookfield Corporation (BN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 34.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.74%.
The stock’s 5-day moving average is $32.75, reflecting a -4.32% or -$1.45 change from its current price. BN is currently trading -10.09% above its 20-day SMA, +2.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.45% and SMA200 by-17.32%.
Stochastic %K and %D was 28.63% and 27.41% and the average true range (ATR) pointed at 0.98. The RSI (14) points at 39.10%, while the 14-day stochastic is at 13.63% with the period’s ATR at 0.94. The stock’s 9-day MACD Oscillator is pointing at -0.75 and -0.59 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Brookfield Corporation (NYSE: BN), Canaccord Genuity downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for BN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BN as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is BN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $33.00 and a high of $65.00, with their median price target at $47.00. Looking at these predictions, the average price target given by analysts is for Brookfield Corporation (BN) stock is $46.91.
