Brookfield Asset Management Ltd. (TSE:BAM) Stock Has Average Target Price of C$75.00

Shares of Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) have earned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$75.00.

Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a “strong-buy” rating in a research report on Friday.

Brookfield Asset Management Trading Up 0.7%

Shares of BAM stock opened at C$63.85 on Friday. The business’s 50 day moving average is C$68.81 and its two-hundred day moving average is C$66.19. Brookfield Asset Management has a twelve month low of C$58.09 and a twelve month high of C$82.98. The company has a market capitalization of C$101.98 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. The company has a current ratio of 2.97, a quick ratio of 0.95 and a debt-to-equity ratio of 54.43.

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.