Analysts’ Weekly Ratings Changes for Brookfield Asset Management (BAM)
Several investment firms have updated their stock ratings and price targets on shares of Brookfield Asset Management (NYSE: BAM) in the last week:
- Brookfield Asset Management had its price target raised by analysts at Canaccord Genuity from $45.80 to $48.50.
- Brookfield Asset Management had its price target raised by analysts at RBC Capital from $47.00 to $49.00. They now have an “outperform” rating on the stock.
- Brookfield Asset Management had its price target raised by analysts at TD Securities from C$48.00 to C$50.00. They now have a “buy” rating on the stock.
- Brookfield Asset Management had its price target raised by analysts at CIBC from $44.00 to $47.50. They now have a “sector perform” rating on the stock.
Shares of Brookfield Asset Management Inc. (NYSE:BAM) traded down 0.17% on Wednesday, hitting $47.81. The stock had a trading volume of 127,371 shares. Brookfield Asset Management Inc. has a 52-week low of $33.67 and a 52-week high of $48.10. The stock has a 50-day moving average of $44.91 and a 200-day moving average of $42.33. The company has a market cap of $29.485 billion and a P/E ratio of 11.20.
Brookfield Asset Management (NYSE:BAM) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters 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 Inc. 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 1.34%. 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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