Extremely significant positive changes in Brookfield Corp (NYSE: BN) investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent meaningful positive changes in fundamentals have benefitted Brookfield Corp (NYSE: BN): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Brookfield has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Brookfield has a good Power Rating of 82 and a very high Appreciation Score of 92, resulting in the Highest Value Trend Rating.
Recent Price Action
On 1/3/24, Brookfield Corp (NYSE: BN) stock declined modestly by -1.8%, closing at $38.17. However, below average trading volume at 71% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -4.7% during the last week.
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