Brookfield Asset Management (TSE:BAM) Raised to “Strong-Buy” at BMO Capital Markets

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) was upgraded by stock analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also recently commented on BAM. TD Securities lowered their target price on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. UBS Group upgraded shares of Brookfield Asset Management to a “hold” rating in a research note on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$77.67.

Brookfield Asset Management Price Performance

BAM opened at C$67.75 on Thursday. The stock’s 50 day moving average price is C$72.19 and its 200 day moving average price is C$77.03. The stock has a market cap of C$109.13 billion, a P/E ratio of 44.57, a P/E/G ratio of 0.43 and a beta of 1.42. Brookfield Asset Management has a 12 month low of C$59.16 and a 12 month high of C$88.12.

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