Brookfield Corp (NYSE: BN) has reported earnings for its first fiscal quarter (ending March 31) of $0.04 versus $0.05 for the same period a year ago — a decline of -20%. For the latest four quarters through March 31, E.P.S. were $0.62 compared to $0.42 a year ago — an increase of 48%.
Recent Price Action
Brookfield Corp (NYSE: BN) stock closed at $44.25 on 5/9/24 after a modest gain of 0.6%. This advance was accompanied by normal trading volume. The stock has risen 8.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BN is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Brookfield has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Brookfield has a good Power Rating of 78 and a very high Appreciation Score of 95, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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