Analysts Set Brookfield Asset Management Ltd. (TSE:BAM) Price Target at C$77.67

Shares of Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) have been given an average recommendation of “Buy” by the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$77.67.

BAM has been the subject of a number of research reports. TD Securities reduced their price target 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 report on Tuesday, January 27th. BMO Capital Markets upgraded Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, UBS Group upgraded Brookfield Asset Management to a “hold” rating in a research report on Thursday, December 11th.

Brookfield Asset Management Price Performance

Shares of BAM stock opened at C$67.75 on Friday. The firm has a market capitalization of C$109.13 billion, a PE ratio of 44.57, a P/E/G ratio of 0.43 and a beta of 1.42. Brookfield Asset Management has a 1-year low of C$59.16 and a 1-year high of C$88.12. The business’s fifty day moving average price is C$72.19 and its 200 day moving average price is C$76.93.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last announced 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 net margin of 65.13% and a return on equity of 32.14%. 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.