Brookfield Asset Management Ltd. (TSE:BAM) Given Average Rating of “Buy” by Analysts

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$77.67.

Several equities research analysts have recently commented on the company. TD Securities reduced their price objective on Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. BMO Capital Markets raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, UBS Group upgraded Brookfield Asset Management to a “hold” rating in a research report on Thursday, December 11th.

Brookfield Asset Management Stock Down 1.8%

Shares of TSE:BAM opened at C$66.64 on Friday. The stock has a market capitalization of C$107.34 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 0.43 and a beta of 1.42. The firm’s 50 day moving average price is C$72.31 and its 200-day moving average price is C$77.13. Brookfield Asset Management has a twelve month low of C$59.16 and a twelve month high of C$88.12.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last announced its earnings results on Wednesday, February 4th. The company reported C$0.73 earnings per share (EPS) for the quarter. Brookfield Asset Management had a net margin of 65.13% and a return on equity of 32.14%. Analysts expect that Brookfield Asset Management will post 2.5564428 earnings per share for the current fiscal year.

About Brookfield Asset Management

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.