Brookfield Asset Management Inc (TSE:BAM.A) Receives Consensus Rating of “Buy” from Analysts

Brookfield Asset Management Inc (TSE:BAM.AGet Rating) (NYSE:BAM) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$71.50.

Several research firms have weighed in on BAM.A. TD Securities lifted their price objective on shares of Brookfield Asset Management from C$77.00 to C$79.00 and gave the stock an “action list buy” rating in a research report on Friday, February 11th. Citigroup cut shares of Brookfield Asset Management to a “hold” rating and set a C$61.00 price objective on the stock. in a research report on Wednesday, January 26th. Finally, Credit Suisse Group upgraded shares of Brookfield Asset Management to a “buy” rating and set a C$71.50 price objective on the stock in a research report on Wednesday, April 27th.

TSE BAM.A opened at C$61.67 on Friday. Brookfield Asset Management has a twelve month low of C$57.40 and a twelve month high of C$79.04. The company has a debt-to-equity ratio of 139.34, a quick ratio of 0.50 and a current ratio of 1.26. The stock has a market cap of C$101.22 billion and a price-to-earnings ratio of 19.80. The firm’s 50 day moving average price is C$67.83 and its two-hundred day moving average price is C$70.95.

Brookfield Asset Management Company Profile (Get Rating)

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

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Analyst Recommendations for Brookfield Asset Management (TSE:BAM.A)

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