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

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

Several other research firms have also recently weighed in on BAM. TD Securities reduced 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 research note on Tuesday, January 27th. BMO Capital Markets upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Brookfield Asset Management presently has an average rating of “Buy” and a consensus price target of C$75.00.

Brookfield Asset Management Trading Down 1.7%

Brookfield Asset Management stock opened at C$66.82 on Monday. The company has a debt-to-equity ratio of 34.11, a current ratio of 1.68 and a quick ratio of 0.95. The company has a market capitalization of C$109.46 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 0.43 and a beta of 1.31. Brookfield Asset Management has a one year low of C$58.09 and a one year high of C$88.12. The company’s fifty day moving average price is C$63.00 and its two-hundred day moving average price is C$69.07.

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

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.