Brookfield Asset Management (TSE:BAM) Announces Earnings Results

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) released its earnings results on Wednesday. The company reported C$0.73 earnings per share (EPS) for the quarter, FiscalAI reports. Brookfield Asset Management had a return on equity of 32.14% and a net margin of 65.13%.

Brookfield Asset Management Trading Up 5.2%

BAM stock opened at C$67.88 on Thursday. Brookfield Asset Management has a one year low of C$59.16 and a one year high of C$88.12. The firm has a 50-day moving average of C$72.45 and a two-hundred day moving average of C$77.20. The firm has a market capitalization of C$109.34 billion, a PE ratio of 43.79, a P/E/G ratio of 0.43 and a beta of 1.42.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BAM shares. UBS Group upgraded shares of Brookfield Asset Management to a “hold” rating in a research report on Thursday, December 11th. TD Securities cut their target price on shares of 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. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$77.67.

Brookfield Asset Management Company Profile

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.