Brookfield Corporation (BN) stock forecast: Can it reach its 52-week high of $56.83

Brookfield Corporation [BN] stock prices are down -1.93% to $54.32 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BN shares have gain 1.57% over the last week, with a monthly amount glided 3.39%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Brookfield Corporation [NYSE: BN] stock has seen the most recent analyst activity on August 11, 2023, when Canaccord Genuity downgraded its rating to a Hold. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on May 12, 2023. On March 20, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $41 on the stock. Credit Suisse downgraded its rating to a Neutral and decreased its price target to $41 on February 06, 2023.

The stock price of Brookfield Corporation [BN] has been fluctuating between $28.84 and $56.83 over the past year. Currently, Wall Street analysts expect the stock to reach $54.32 within the next 12 months. Brookfield Corporation [NYSE: BN] shares were valued at $54.32 at the most recent close of the market.

Analyzing the BN fundamentals

The Brookfield Corporation [NYSE:BN] reported sales of 100.04B for trailing twelve months, representing a drop of -7.38%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.46.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.90 points at the first support level, and at 53.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.99, and for the 2nd resistance point, it is at 55.67.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 1.99 and price to earnings (TTM) ratio is 94.27.

Transactions by insiders

Recent insider trading involved OCM Growth Holdings LLC, Director, that happened on Jun 10 ’24 when 0.4 million shares were sold. Director, OCM Growth Holdings LLC completed a deal on May 14 ’24 to sell 4.31 million shares. Meanwhile, 10% Owner Oaktree Capital Group Holdings sold 7131.0 shares on Apr 24 ’24.

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