Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Thursday.

A number of other analysts also recently issued reports on BAM. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Brookfield Asset Management in a research note on Thursday, September 28th. ValuEngine cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 target price on shares of Brookfield Asset Management in a report on Monday, October 2nd. Scotiabank lifted their target price on Brookfield Asset Management from $42.75 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 11th. Finally, Citigroup dropped their target price on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $47.00.

Shares of Brookfield Asset Management (BAM) opened at $43.54 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. Brookfield Asset Management has a 12 month low of $32.83 and a 12 month high of $44.33. The stock has a market capitalization of $41,838.39, a P/E ratio of 96.76 and a beta of 1.04.

Several institutional investors have recently made changes to their positions in the company. QS Investors LLC boosted its holdings in Brookfield Asset Management by 69.8% during the 2nd quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 1,150 shares during the period. Veritas Investment Management UK Ltd purchased a new position in Brookfield Asset Management during the 3rd quarter valued at $149,000. Atlantic Trust LLC purchased a new position in Brookfield Asset Management during the 2nd quarter valued at $191,000. Cortland Associates Inc. MO purchased a new position in Brookfield Asset Management during the 3rd quarter valued at $209,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Brookfield Asset Management by 112.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 2,738 shares during the period. Hedge funds and other institutional investors own 54.44% of the company’s stock.

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Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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