Brookfield Asset Management (TSE:BAM) Shares Pass Above 200 Day Moving Average – What’s Next?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$66.32 and traded as high as C$73.02. Brookfield Asset Management shares last traded at C$72.47, with a volume of 490,304 shares.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upgraded shares of Brookfield Asset Management to a “moderate buy” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Buy” and a consensus price target of C$75.00.

Brookfield Asset Management Price Performance

The company has a current ratio of 2.97, a quick ratio of 0.95 and a debt-to-equity ratio of 54.43. The stock has a 50 day simple moving average of C$68.81 and a 200-day simple moving average of C$66.32. The firm has a market cap of C$115.75 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 0.43 and a beta of 1.32.

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.