Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its price objective cut by analysts at Citigroup from $50.00 to $49.50 in a report released on Friday, November 10th. The firm currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 19.65% from the stock’s previous close.
Several other equities analysts have also recently weighed in on BAM. Scotiabank raised their price target on shares of Brookfield Asset Management from $41.75 to $42.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. TD Securities raised their target price on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Canaccord Genuity reissued a “buy” rating and issued a $42.00 target price on shares of Brookfield Asset Management in a research note on Friday, August 11th. ValuEngine cut shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Finally, BidaskClub raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.00.
Shares of Brookfield Asset Management (NYSE BAM) traded down $0.34 on Friday, hitting $41.37. 1,231,400 shares of the stock traded hands, compared to its average volume of 871,275. The company has a market cap of $40,970.00, a PE ratio of 93.02 and a beta of 1.06. Brookfield Asset Management has a one year low of $32.41 and a one year high of $43.15. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92.
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About Brookfield Asset Management
Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.
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