Brookfield Asset Management Ltd. (TSE:BAM) Given Average Recommendation of “Buy” by Brokerages

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) has earned a consensus rating of “Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$75.00.

Separately, Royal Bank Of Canada upgraded shares of Brookfield Asset Management to a “moderate buy” rating in a report on Monday, May 11th.

Brookfield Asset Management Trading Up 2.6%

Shares of Brookfield Asset Management stock traded up C$1.67 during trading hours on Monday, hitting C$67.00. The company’s stock had a trading volume of 449,888 shares, compared to its average volume of 1,881,642. The company has a debt-to-equity ratio of 38.61, a quick ratio of 0.95 and a current ratio of 1.68. The stock has a market cap of C$106.98 billion, a price-to-earnings ratio of 42.95, a P/E/G ratio of 0.43 and a beta of 1.32. The firm has a fifty day moving average of C$65.85 and a 200-day moving average of C$66.09. Brookfield Asset Management has a twelve month low of C$58.09 and a twelve month high of C$88.12.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.53 earnings per share (EPS) for the quarter. The firm had revenue of C$1.98 billion for the quarter. Brookfield Asset Management had a return on equity of 30.18% and a net margin of 50.79%. Research analysts forecast that Brookfield Asset Management will post 2.5564428 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.5025 per share. The ex-dividend date was Friday, May 29th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 3.0%. Brookfield Asset Management’s dividend payout ratio (DPR) is 116.35%.

Brookfield Asset Management Company Profile

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.