Brookfield Asset Management Inc (TSE:BAM.A) Receives Consensus “Buy” Recommendation From Analysts
Shares of Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) have been assigned a consensus rating of “Buy” by the seven analysts who currently cover the stock, Marketbeat reports. One investment analyst gave the stock a hold rating, five gave the stock a buy rating and one gave the company a high buy rating. The 12-month average target price among brokers who have hedged the stock over the past year is C$70.00.
Several stock analysts have recently weighed in on the stock. Citigroup downgraded Brookfield Asset Management shares to a “hold” rating and set a price target of C$61.00 for the stock. in a report on Wednesday, January 26. TD Securities raised its price target on Brookfield Asset Management shares from C$72.00 to C$75.00 and gave the company a “buy on stock list” rating in a published report Friday, November 12.
Shares of BAM.A traded at C$0.48 during Friday trading hours, hitting C$69.53. 101,146 shares of the company were traded, with an average volume of 1,548,672. Brookfield Asset Management has a fifty-two week low of C$51.17 and a fifty-two week high of C$78.67 . The stock’s fifty-day moving average is C$72.76 and its two-hundred-day moving average is C$71.64. The company has a market cap of C$109.04 billion and a price-earnings ratio of 26.03. The company has a debt ratio of 134.72, a current ratio of 1.26 and a quick ratio of 0.84.
In other Brookfield Asset Management news, Director Brian Lawson sold 34,961 shares of Brookfield Asset Management in a trade dated Wednesday, Dec. 29. The shares were sold at an average price of CA$79.27, for a total value of CA$2,771,456.36. Additionally, director Augustine Thomas O’donnell purchased 3,513 shares of the company in a trade on Wednesday, December 1. The shares were purchased at an average cost of CA$72.42 per share, for a total transaction of CA$254,411.46. Following the completion of the acquisition, the administrator now owns 4,224 shares of the company, valued at C$305,902.08.
About Brookfield Asset Management
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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