Brookfield Asset Management (TSE:BAM) Upgraded by Royal Bank Of Canada to Moderate Buy Rating

Royal Bank Of Canada upgraded shares of Brookfield Asset Management (TSE:BAM) (NYSE:BAM) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on BAM. BMO Capital Markets raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. TD Securities decreased 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 report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$75.00.

Brookfield Asset Management Price Performance

Shares of BAM opened at C$66.82 on Monday. The firm has a market capitalization of C$109.46 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 0.43 and a beta of 1.31. The company has a debt-to-equity ratio of 34.11, a quick ratio of 0.95 and a current ratio of 1.68. Brookfield Asset Management has a one year low of C$58.09 and a one year high of C$88.12. The stock’s fifty day moving average is C$63.00 and its 200-day moving average is C$69.07.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last announced its earnings results on Friday, May 8th. The company reported C$0.53 earnings per share for the quarter. Brookfield Asset Management had a return on equity of 29.19% and a net margin of 50.81%.The business had revenue of C$1.98 billion during the quarter. Equities analysts anticipate that Brookfield Asset Management will post 2.5564428 EPS for the current year.

Brookfield Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.5025 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 3.0%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 116.35%.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.