Brookfield Corporation [BN] stock prices are up 2.59% to $59.48 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BN shares have gain 0.54% over the last week, with a monthly amount glided 0.19%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Canaccord Genuity downgraded its rating to Hold on August 11, 2023. On May 12, 2023, downgrade downgraded it’s rating to Mkt Perform. Credit Suisse upgraded its rating to a Outperform but stick to its price target of $41 on March 20, 2023. Credit Suisse downgraded its rating to a Neutral and reduced its price target to $41 on February 06, 2023.
The stock price of Brookfield Corporation [BN] has been fluctuating between $40.04 and $62.78 over the past year. Currently, Wall Street analysts expect the stock to reach $56.61 within the next 12 months. Brookfield Corporation [NYSE: BN] shares were valued at $59.48 at the most recent close of the market. An investor can expect a potential drop of -4.83% based on the average BN price forecast.
Analyzing the BN fundamentals
The Brookfield Corporation [NYSE:BN] reported sales of 82.64B for trailing twelve months, representing a drop of -19.94%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.23%, 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 0.01 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.43.
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 58.48 points at the first support level, and at 57.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.16, and for the 2nd resistance point, it is at 60.85.
Ratios To Look Out For
It’s worth pointing out that Brookfield Corporation [NYSE:BN]’s Current Ratio is 0.73. Also, the Quick Ratio is 0.65, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 2.17 and price to earnings (TTM) ratio is 209.81.
