Media coverage about Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookfield Asset Management earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.2340393225587 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Brookfield Asset Management Inc (BAM) PT Raised to $56.00 at Scotiabank (americanbankingnews.com)
- Brookfield Business Partners L.P. 2017 Third Quarter Conference Call and Webcast for Investors and Analysts (finance.yahoo.com)
- Brookfield Asset Management Inc (BAM) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- TerraForm Power Stockholders OK Brookfield Agreement (nawindpower.com)
- Brookfield Real Estate Services Inc. : Declares Monthly Dividend (4-traders.com)
Several equities research analysts recently issued reports on BAM shares. Royal Bank Of Canada reiterated a “buy” rating and set a $42.00 price target on shares of Brookfield Asset Management in a report on Thursday, July 27th. Citigroup Inc. upped their price target on Brookfield Asset Management from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, August 15th. ValuEngine downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. BidaskClub downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $42.00 price target on shares of Brookfield Asset Management in a report on Friday, August 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $48.17.
Shares of Brookfield Asset Management (NYSE BAM) traded up 0.64% on Wednesday, reaching $42.55. The stock’s 50 day moving average price is $40.27 and its 200-day moving average price is $38.65. Brookfield Asset Management has a 12-month low of $32.04 and a 12-month high of $42.62. The stock has a market capitalization of $40.79 billion, a price-to-earnings ratio of 33.01 and a beta of 1.04.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.28). Brookfield Asset Management had a return on equity of 2.10% and a net margin of 4.87%. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $5.27 billion. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue was up 58.1% on a year-over-year basis. On average, analysts predict that Brookfield Asset Management will post $0.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, August 29th. Brookfield Asset Management’s payout ratio is currently 43.75%.
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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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