Extremely significant positive changes in Brookfield Corp (NYSE: BN) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent notable positive changes in fundamentals have benefitted Brookfield Corp (NYSE: BN): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
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 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Brookfield has a good Power Rating of 71 and a very high Appreciation Score of 86, with the Highest Value Trend Rating the result.
Recent Price Action
Brookfield Corp (NYSE: BN) stock increased 1.8% on 9/11/24. The shares closed at $48.09. Moreover, this advance was accompanied by exceptionally high trading volume at 232% of normal. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
Be the first to comment