Headlines about Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) have trended somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Brookfield Asset Management earned a media sentiment score of 1.29 on their scale. InfoTrie also assigned news headlines about the financial services provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Brookfield Asset Management’s analysis:
- Brookfield Asset Management Inc. — Moody’s reviews Brookfield’s ratings for upgrade following acquisition announcement (finance.yahoo.com)
- Brookfield's Oaktree Deal Marks Ascent as Private Equity Giant (finance.yahoo.com)
- [$$] PE Daily: Brookfield Buys Stake in Oaktree | Democrats Target Carried Interest (finance.yahoo.com)
- Somewhat Favorable News Coverage Extremely Likely to Impact Brookfield Asset Management (BAM) Stock Price (americanbankingnews.com)
- Brookfield to buy most of Oaktree to build juggernaut to rival Blackstone (feeds.reuters.com)
Several research firms have recently commented on BAM. Credit Suisse Group set a $50.00 target price on Brookfield Asset Management and gave the company a “buy” rating in a research note on Sunday, December 30th. Royal Bank of Canada increased their target price on Brookfield Asset Management from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Finally, TD Securities increased their target price on Brookfield Asset Management from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Six equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $52.75.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Thursday, February 14th. The financial services provider reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $1.72. The company had revenue of $16.01 billion during the quarter. Brookfield Asset Management had a return on equity of 4.30% and a net margin of 6.31%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 earnings per share.
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About Brookfield Asset Management
Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
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