Brookfield Asset Management (TSE:BAM – Get Free Report) (NYSE:BAM) released its earnings results on Wednesday. The company reported C$0.73 earnings per share (EPS) for the quarter, FiscalAI reports. Brookfield Asset Management had a net margin of 65.13% and a return on equity of 32.14%.
Brookfield Asset Management Price Performance
TSE:BAM opened at C$66.64 on Friday. The company’s 50-day moving average is C$72.31 and its two-hundred day moving average is C$77.13. Brookfield Asset Management has a 1-year low of C$59.16 and a 1-year high of C$88.12. The firm has a market capitalization of C$107.34 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 0.43 and a beta of 1.42.
Wall Street Analyst Weigh In
BAM has been the topic of a number of recent research reports. UBS Group upgraded shares of Brookfield Asset Management to a “hold” rating in a research report on Thursday, December 11th. TD Securities lowered their target price on Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Finally, BMO Capital Markets upgraded Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$77.67.
Brookfield Asset Management Company Profile
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.
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