Brookfield Asset Management Ltd. (TSE:BAM) Receives C$77.67 Average Price Target from Analysts

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) has received an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$77.67.

BAM has been the topic of several research reports. BMO Capital Markets upgraded Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. TD Securities lowered their price objective on Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Finally, UBS Group upgraded shares of Brookfield Asset Management to a “hold” rating in a research report on Thursday, December 11th.

Brookfield Asset Management Stock Performance

Shares of BAM stock opened at C$70.75 on Friday. The firm has a market cap of C$113.96 billion, a price-to-earnings ratio of 46.55, a P/E/G ratio of 0.43 and a beta of 1.42. Brookfield Asset Management has a 52 week low of C$59.16 and a 52 week high of C$88.12. The firm’s 50-day simple moving average is C$71.99 and its two-hundred day simple moving average is C$76.63.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last issued its quarterly earnings results on Wednesday, February 4th. The company reported C$0.73 earnings per share (EPS) for the quarter. Brookfield Asset Management had a net margin of 65.13% and a return on equity of 32.14%. Analysts forecast that Brookfield Asset Management will post 2.5564428 earnings per share for the current year.

Brookfield Asset Management Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.