Brookfield Asset Management (BAM) Getting Positive Press Coverage, Report Finds
Media headlines about Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookfield Asset Management earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.1739967092249 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Brookfield Business Partners (BBU) to Acquire Westinghouse Electric for $4.6B (streetinsider.com)
- Brookfield Goes Nuclear: Why You Should Watch The Canadian Giant’s Restructuring Work (finance.yahoo.com)
- TerraForm Global Operating, LLC — Moody’s places Terraform Global Operating ratings on review for upgrade (finance.yahoo.com)
- | Brookfield raises $885 mln for debut infrastructure debt fund – PE Hub – PE Hub (blog) (pehub.com)
- Brookfield Asset Management Inc. (NYSE:BAM) – An Eye on Stock Value – Nasdaq Journal (press release) (nasdaqjournal.com)
Brookfield Asset Management (NYSE BAM) traded up $0.43 during trading hours on Thursday, reaching $43.66. The company had a trading volume of 864,405 shares, compared to its average volume of 860,367. The stock has a market capitalization of $43,240.00, a price-to-earnings ratio of 94.91 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. Brookfield Asset Management has a 52-week low of $32.87 and a 52-week high of $44.33.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, November 29th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s dividend payout ratio is 121.74%.
BAM has been the topic of a number of recent research reports. TheStreet raised Brookfield Asset Management from a “c+” rating to a “b-” rating in a research report on Thursday, December 28th. Citigroup cut their price objective on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 price objective on shares of Brookfield Asset Management in a research report on Monday, October 2nd. ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Finally, Royal Bank of Canada increased their target price on Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $47.00.
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Brookfield Asset Management Company Profile
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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