Brookfield Asset Management (TSE:BAM) Stock Rating Upgraded by Royal Bank Of Canada

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) was upgraded by equities research analysts at Royal Bank Of Canada to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also commented on BAM. TD Securities lowered their target price on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. BMO Capital Markets raised shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Two investment 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’s stock. Based on data from MarketBeat, Brookfield Asset Management presently has a consensus rating of “Buy” and an average target price of C$75.00.

Brookfield Asset Management Price Performance

BAM opened at C$66.82 on Monday. The company has a fifty day moving average price of C$63.00 and a two-hundred day moving average price of C$69.07. The company has a debt-to-equity ratio of 34.11, a quick ratio of 0.95 and a current ratio of 1.68. Brookfield Asset Management has a 52 week low of C$58.09 and a 52 week high of C$88.12. The firm has a market capitalization of C$109.46 billion, a PE ratio of 42.83, a P/E/G ratio of 0.43 and a beta of 1.31.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its earnings results on Friday, May 8th. The company reported C$0.53 EPS for the quarter. Brookfield Asset Management had a net margin of 50.81% and a return on equity of 29.19%. The firm had revenue of C$1.98 billion during the quarter. As a group, analysts anticipate that Brookfield Asset Management will post 2.5564428 earnings per share for the current year.

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.