Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Brookfield Corporation ( (TSE:BN) ) has shared an update.
Brookfield Corporation announced that the conversion of its Series 42 Preferred Shares into Series 43 Shares will not proceed as the number of shares tendered for conversion was below the required threshold. As a result, holders of Series 42 Shares will retain their current shares. This decision maintains the status quo for shareholders and reflects the company’s ongoing commitment to managing its capital structure effectively.
The most recent analyst rating on (TSE:BN) stock is a Buy with a C$50.50 price target. To see the full list of analyst forecasts on Brookfield Corporation stock, see the TSE:BN Stock Forecast page.
Spark’s Take on TSE:BN Stock
According to Spark, TipRanks’ AI Analyst, TSE:BN is a Neutral.
Brookfield Corporation demonstrates strong operational performance with significant earnings growth and asset management momentum. However, challenges such as high leverage, weak cash flow, and a stretched valuation present risks. While the earnings call highlights a positive outlook with increased distributable earnings and capital deployment capacity, caution is advised due to technical indicators suggesting potential overbought conditions.
To see Spark’s full report on TSE:BN stock, click here.
More about Brookfield Corporation
Brookfield Corporation is a leading global investment firm that focuses on building long-term wealth for institutions and individuals worldwide. The company operates in three core areas: Alternative Asset Management, Wealth Solutions, and Operating Businesses, which include sectors such as renewable power, infrastructure, business and industrial services, and real estate. Brookfield has a history of delivering over 15% annualized returns to shareholders for more than 30 years, leveraging its extensive operational experience and global networks.
YTD Price Performance: -1.58%
Average Trading Volume: 1,927,410
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$133.6B
For an in-depth examination of BN stock, go to TipRanks’ Overview page.