Brookfield Asset Management (TSE:BAM) Upgraded by BMO Capital Markets to “Strong-Buy” Rating

BMO Capital Markets upgraded shares of Brookfield Asset Management (TSE:BAM) (NYSE:BAM) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

BAM has been the subject of a number of other reports. TD Securities cut their price objective on 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. UBS Group raised shares of Brookfield Asset Management to a “hold” rating in a report on Thursday, December 11th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Brookfield Asset Management has an average rating of “Buy” and a consensus price target of C$77.67.

Brookfield Asset Management Price Performance

TSE:BAM opened at C$66.64 on Thursday. Brookfield Asset Management has a one year low of C$59.16 and a one year high of C$88.12. The business has a fifty day moving average price of C$72.31 and a 200-day moving average price of C$77.13. The firm has a market capitalization of C$107.34 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 0.43 and a beta of 1.42.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its earnings results on Wednesday, February 4th. The company reported C$0.73 earnings per share for the quarter. Brookfield Asset Management had a return on equity of 32.14% and a net margin of 65.13%. On average, equities research analysts expect that Brookfield Asset Management will post 2.5564428 earnings per share for the current fiscal year.

About Brookfield Asset Management

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.