Brookfield Asset Management (TSE:BAM – Get Free Report) (NYSE:BAM) had its price target cut by equities research analysts at TD Securities from C$76.00 to C$75.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 7.65% from the company’s current price.
Separately, UBS Group raised Brookfield Asset Management to a “hold” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$77.67.
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Brookfield Asset Management Trading Down 0.8%
Brookfield Asset Management (TSE:BAM – Get Free Report) (NYSE:BAM) last posted its earnings results on Friday, November 7th. The company reported C$0.64 earnings per share for the quarter. The company had revenue of C$1.73 billion during the quarter. Brookfield Asset Management had a net margin of 65.13% and a return on equity of 32.14%. Equities analysts predict that Brookfield Asset Management will post 2.5564428 EPS for the current year.
About Brookfield Asset Management
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.
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