Brookfield Asset Management Price Target Raised to $47.00 at RBC Capital (BAM)
Equities research analysts at RBC Capital raised their target price on shares of Brookfield Asset Management (NYSE:BAM) from $45.00 to $47.00 in a research note issued to investors on Friday, Analyst RN reports. RBC Capital’s price objective indicates a potential upside of 9.43% from the company’s current price.
Shares of Brookfield Asset Management (NYSE:BAM) traded down 0.07% during mid-day trading on Friday, hitting $42.92. 124,763 shares of the company’s stock traded hands. Brookfield Asset Management has a 52-week low of $33.59 and a 52-week high of $43.00. The stock has a 50-day moving average of $41.2 and a 200-day moving average of $39.49. The company has a market cap of $26.421 billion and a P/E ratio of 13.76.
Brookfield Asset Management (NYSE:BAM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.64. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.17 billion. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, analysts predict that Brookfield Asset Management will post $1.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Saturday, May 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, May 28th.
Several other analysts have also recently commented on the stock. Analysts at CIBC raised their price target on shares of Brookfield Asset Management from $42.00 to $44.00 in a research note on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Brookfield Asset Management to $45.80 in a research note on Friday. Finally, analysts at Canaccord Genuity raised their price target on shares of Brookfield Asset Management from $41.00 to $43.50 in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $45.20.
Brookfield Asset Management Inc (NYSE:BAM) is a global asset management company focused on property, power and infrastructure assets.
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