Brookfield Asset Management Inc (TSE:BAM.A) Receives Consensus “Buy” Rating from Analysts
Brookfield Asset Management Inc (TSE: BAM.A – Get a rating) (NYSE:BAM) received a consensus “buy” recommendation from the seven brokerages that currently cover the business, MarketBeat Ratings reports. One investment analyst gave the stock a hold rating, five issued a buy rating and one gave the company a high buy rating. The average 1-year target price among brokers who updated their coverage on the stock in the past year is C$71.50.
BAM.A has been the subject of several recent research reports. TD Securities raised its price target on Brookfield Asset Management from C$77.00 to C$79.00 and gave the stock a “buy on stock list” rating in a Friday, February 11 report. Credit Suisse Group has upgraded Brookfield Asset Management to a “buy” rating and set a price target of C$71.50 for the company in a Wednesday, April 27 research note.
Separately, senior officer Brian William Kingston sold 400,000 shares in a trade dated Monday, May 16. The shares were sold at an average price of CA$61.30, for a total transaction of CA$24,520,652.00. Following the completion of the sale, the insider now owns 364,467 shares of the company, valued at approximately C$22,342,421.18. Additionally, senior officer Lori Anne Pearson acquired 3,200 shares of the company in a transaction on Tuesday, May 24. The shares were purchased at an average cost of CA$58.47 per share, for a total transaction of CA$187,088.96. Following the completion of the purchase, the insider now directly owns 418,011 shares of the company, valued at approximately C$24,439,138.52.
Shares of TSE:BAM.A opened at C$62.97 on Thursday. The company’s fifty-day moving average is C$65.09 and its two-hundred-day moving average is C$69.35. The company has a market capitalization of C$103.36 billion and a P/E ratio of 20.33. Brookfield Asset Management has a 12-month low of CA$57.40 and a 12-month high of CA$79.04. The company has a quick ratio of 0.94, a current ratio of 1.62 and a debt ratio of 135.62.
Brookfield Asset Management Company Profile (Get a rating)
Brookfield Asset Management Inc. is a public asset management holding company. The firm specializes in seed stage, acquisitions, distressed investments, short-term financing for middle market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational restructuring and capital structure, strategic reorientation, turnaround and underperforming mid-sized companies.
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