Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) has been given an average recommendation of “Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $56.50.
A number of brokerages recently commented on BAM. TD Securities boosted their price objective on shares of Brookfield Asset Management from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Citigroup boosted their price objective on shares of Brookfield Asset Management from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. BMO Capital Markets boosted their price objective on shares of Brookfield Asset Management from $55.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Brookfield Asset Management from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, August 12th.
In other news, Director Brookfield Asset Management In sold 1,900,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $23.75, for a total transaction of $45,125,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Brookfield Asset Management stock traded down $1.18 on Friday, hitting $50.59. 1,351,597 shares of the company traded hands, compared to its average volume of 1,691,582. The stock’s 50 day moving average price is $49.49 and its 200-day moving average price is $47.32. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 1.29. Brookfield Asset Management has a 52 week low of $36.58 and a 52 week high of $52.09. The company has a market cap of $51.55 billion, a PE ratio of 17.73 and a beta of 1.12.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.25. Brookfield Asset Management had a net margin of 4.86% and a return on equity of 3.31%. The firm had revenue of $16.92 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was up 27.5% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, August 29th.
Brookfield Asset Management Company Profile
Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
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