Wells Fargo & Company Upgrades Brookfield Asset Management (TSE:BAM) to Strong-Buy

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) was upgraded by Wells Fargo & Company to a “strong-buy” rating in a research note issued on Friday, Zacks reports.

Brookfield Asset Management Price Performance

BAM stock opened at C$63.85 on Friday. The company has a market capitalization of C$101.98 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. The company has a debt-to-equity ratio of 54.43, a quick ratio of 0.95 and a current ratio of 2.97. Brookfield Asset Management has a 52-week low of C$58.09 and a 52-week high of C$82.98. The business has a 50-day simple moving average of C$68.81 and a two-hundred day simple moving average of C$66.19.

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.