Brookfield Asset Management (TSE:BAM) Stock Lifted to “Strong-Buy” by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Brookfield Asset Management (TSE:BAM – Free Report) (NYSE:BAM) to a strong-buy rating in a report released on Friday morning,Zacks reports.

Brookfield Asset Management Trading Up 0.7%

Shares of Brookfield Asset Management stock opened at C$63.85 on Friday. The firm has a 50-day moving average of C$68.81 and a 200-day moving average of C$66.19. The stock has a market cap of C$101.98 billion, a PE ratio of 36.70, a PEG ratio of 0.43 and a beta of 1.40. Brookfield Asset Management has a 52-week low of C$58.09 and a 52-week high of C$82.98. The company has a debt-to-equity ratio of 54.43, a quick ratio of 0.95 and a current ratio of 2.97.

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Brookfield Asset Management Company Profile

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Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

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