Brookfield Asset Management Ltd. (TSE:BAM) Receives Consensus Recommendation of “Buy” from Analysts

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) has been given an average recommendation of “Buy” by the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$75.00.

Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a “strong-buy” rating in a research note on Friday.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock opened at C$63.85 on Friday. The firm’s fifty day simple moving average is C$68.81 and its 200-day simple moving average is C$66.19. The stock has a market capitalization of C$101.98 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 0.43 and a beta of 1.40. Brookfield Asset Management has a 12 month low of C$58.09 and a 12 month high of C$82.98. The company has a debt-to-equity ratio of 54.43, a current ratio of 2.97 and a quick ratio of 0.95.

Brookfield Asset Management Company Profile

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.