Brookfield Asset Management Reaches New 52-Week High at $44.96 (BAM)
Brookfield Asset Management (NYSE:BAM)’s share price hit a new 52-week high on Wednesday , Analyst Ratings Net reports. The stock traded as high as $44.96 and last traded at $44.92, with a volume of 208,494 shares trading hands. The stock had previously closed at $44.44.
Several analysts have recently commented on the stock. Analysts at Desjardins raised their price target on shares of Brookfield Asset Management from $46.50 to $50.00 in a research note on Thursday, May 22nd. Separately, analysts at RBC Capital raised their price target on shares of Brookfield Asset Management from $45.00 to $47.00 in a research note on Friday, May 9th. Finally, 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, May 9th. Two investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $46.16.
The stock’s 50-day moving average is $43.85 and its 200-day moving average is $41.52. The company has a market cap of $27.691 billion and a P/E ratio of 13.02.
Brookfield Asset Management (NYSE:BAM) last announced its earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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. Brookfield Asset Management’s revenue was down 11.7% compared to the same quarter last year. On average, analysts predict that Brookfield Asset Management will post $1.74 earnings per share for the current fiscal year.
Brookfield Asset Management Inc (NYSE:BAM) is a global alternative asset manager.
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