Brookfield Asset Management (TSE:BAM) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Brookfield Asset Management (TSE:BAM) (NYSE:BAM) from a hold rating to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

A number of other research analysts also recently commented on the stock. TD Securities decreased their price objective on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. UBS Group upgraded shares of Brookfield Asset Management to a “hold” rating in a research note on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$77.67.

Brookfield Asset Management Stock Up 1.7%

TSE:BAM opened at C$67.75 on Thursday. Brookfield Asset Management has a twelve month low of C$59.16 and a twelve month high of C$88.12. The firm has a market capitalization of C$109.13 billion, a price-to-earnings ratio of 44.57, a price-to-earnings-growth ratio of 0.43 and a beta of 1.42. The stock’s 50 day moving average price is C$72.19 and its two-hundred day moving average price is C$76.99.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its earnings results on Wednesday, February 4th. The company reported C$0.73 earnings per share for the quarter. Brookfield Asset Management had a net margin of 65.13% and a return on equity of 32.14%. As a group, analysts anticipate that Brookfield Asset Management will post 2.5564428 earnings per share for the current year.

Brookfield Asset Management Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.