TheStreet Upgrades Brookfield Asset Management (BAM) to B-
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Thursday.
BAM has been the subject of several other research reports. Scotiabank lifted their price target on shares of Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. ValuEngine downgraded shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Royal Bank of Canada reissued an “outperform” rating on shares of Brookfield Asset Management in a research report on Thursday, September 28th. Citigroup reduced their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a research report on Friday, November 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $47.00 price target on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.
Brookfield Asset Management (NYSE BAM) traded down $0.07 during midday trading on Thursday, reaching $43.54. 590,718 shares of the company traded hands, compared to its average volume of 766,202. Brookfield Asset Management has a twelve month low of $32.83 and a twelve month high of $44.33. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.92. The firm has a market cap of $41,838.39, a P/E ratio of 96.76 and a beta of 1.04.
Large investors have recently modified their holdings of the business. QS Investors LLC lifted its stake in Brookfield Asset Management by 69.8% during the 2nd quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 1,150 shares in the last quarter. Veritas Investment Management UK Ltd bought a new position in Brookfield Asset Management during the 3rd quarter valued at $149,000. Atlantic Trust LLC bought a new position in Brookfield Asset Management during the 2nd quarter valued at $191,000. Cortland Associates Inc. MO bought a new position in Brookfield Asset Management during the 3rd quarter valued at $209,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Brookfield Asset Management by 112.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 2,738 shares in the last quarter. Institutional investors and hedge funds own 54.44% of the company’s stock.
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About Brookfield Asset Management
Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.
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