Brookfield Asset Management PT Raised to $48.50 at Canaccord Genuity (BAM)
Stock analysts at Canaccord Genuity boosted their price objective on shares of Brookfield Asset Management (NYSE:BAM) from $45.80 to $48.50 in a report issued on Monday. Canaccord Genuity’s target price indicates a potential upside of 7.95% from the stock’s previous close.
Separately, 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. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.88.
Shares of Brookfield Asset Management (NYSE:BAM) traded up 2.86% during mid-day trading on Monday, hitting $46.215. The stock had a trading volume of 312,230 shares. Brookfield Asset Management has a one year low of $33.67 and a one year high of $45.05. The stock’s 50-day moving average is $44.12 and its 200-day moving average is $41.81. The company has a market cap of $28.463 billion and a price-to-earnings ratio of 13.17.
Brookfield Asset Management (NYSE:BAM) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.84 EPS for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.53. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the company posted $0.31 earnings per share. Brookfield Asset Management’s revenue was down 6.4% compared to the same quarter last year. Analysts expect that Brookfield Asset Management will post $1.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Sunday, August 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, August 27th.
Brookfield Asset Management Inc (NYSE:BAM) is a global alternative asset manager.
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