TD Securities Raises Brookfield Asset Management (BAM) Price Target to $55.00

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its price target increased by analysts at TD Securities from $54.00 to $55.00 in a research report issued on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price target indicates a potential upside of 34.44% from the company’s current price.

BAM has been the topic of several other reports. Scotiabank set a $49.00 price objective on shares of Brookfield Asset Management and gave the company a “buy” rating in a research report on Saturday, February 17th. TheStreet upgraded shares of Brookfield Asset Management from a “c+” rating to a “b” rating in a research report on Wednesday, April 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Brookfield Asset Management from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $48.75.

NYSE:BAM traded up $0.34 during mid-day trading on Monday, hitting $40.91. The stock had a trading volume of 107,549 shares, compared to its average volume of 1,212,477. The company has a market cap of $40.24 billion, a PE ratio of 18.03 and a beta of 1.02. Brookfield Asset Management has a 52 week low of $40.80 and a 52 week high of $41.09. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.96.



Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, May 10th. The financial services provider reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $1.00. The firm had revenue of $12.63 billion for the quarter. Brookfield Asset Management had a net margin of 4.97% and a return on equity of 3.18%. The company’s revenue for the quarter was up 110.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. Highstreet Asset Management Inc. increased its stake in Brookfield Asset Management by 667.1% during the 4th quarter. Highstreet Asset Management Inc. now owns 312,600 shares of the financial services provider’s stock valued at $13,608,000 after buying an additional 271,851 shares during the period. Heritage Wealth Advisors increased its stake in Brookfield Asset Management by 141.0% during the 4th quarter. Heritage Wealth Advisors now owns 17,204 shares of the financial services provider’s stock valued at $750,000 after buying an additional 10,065 shares during the period. WoodTrust Financial Corp acquired a new position in Brookfield Asset Management during the 4th quarter valued at about $1,985,000. River Road Asset Management LLC increased its stake in Brookfield Asset Management by 557.1% during the 4th quarter. River Road Asset Management LLC now owns 181,939 shares of the financial services provider’s stock valued at $7,922,000 after buying an additional 154,252 shares during the period. Finally, Timber Hill LLC acquired a new position in Brookfield Asset Management during the 4th quarter valued at about $323,000. 53.85% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield Asset Management

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply