Brookfield Asset Management Inc (BAM) Receives Average Rating of “Buy” from Brokerages

Shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) have received an average rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $47.00.

BAM has been the topic of a number of recent analyst reports. TheStreet lowered shares of Brookfield Asset Management from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Scotiabank lifted their price target on shares of Brookfield Asset Management from $44.75 to $45.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Citigroup dropped their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Finally, Royal Bank of Canada lifted their price target on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 10th.

Brookfield Asset Management (BAM) opened at $38.82 on Tuesday. Brookfield Asset Management has a 52-week low of $35.30 and a 52-week high of $44.33. The company has a market cap of $37,041.51, a P/E ratio of 86.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01.

Several institutional investors have recently made changes to their positions in the company. Carnegie Capital Asset Management LLC acquired a new stake in shares of Brookfield Asset Management in the fourth quarter worth $475,000. Barometer Capital Management Inc. grew its stake in shares of Brookfield Asset Management by 2,275.6% in the fourth quarter. Barometer Capital Management Inc. now owns 217,558 shares of the financial services provider’s stock worth $9,472,000 after acquiring an additional 208,400 shares during the last quarter. Oak Grove Capital LLC acquired a new stake in shares of Brookfield Asset Management in the fourth quarter worth $2,438,000. Timber Hill LLC acquired a new stake in shares of Brookfield Asset Management in the fourth quarter worth $323,000. Finally, FDx Advisors Inc. grew its stake in shares of Brookfield Asset Management by 3.6% in the fourth quarter. FDx Advisors Inc. now owns 38,443 shares of the financial services provider’s stock worth $1,674,000 after acquiring an additional 1,336 shares during the last quarter. Institutional investors and hedge funds own 54.31% 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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