Brookfield Asset Management Ltd. (TSE:BAM) Stock Rated “Buy” by Wall Street Brokerages

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) has been assigned a consensus recommendation of “Buy” from the five research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$75.00.

Separately, Wells Fargo & Company raised shares of Brookfield Asset Management to a “strong-buy” rating in a report on Friday, October 2nd.

Brookfield Asset Management Stock Down 0.9%

BAM stock opened at C$71.32 on Wednesday. The company has a current ratio of 2.97, a quick ratio of 0.95 and a debt-to-equity ratio of 54.43. The company’s 50-day moving average price is C$66.11 and its 200 day moving average price is C$66.38. Brookfield Asset Management has a 52 week low of C$58.09 and a 52 week high of C$77.99. The company has a market cap of C$113.92 billion, a P/E ratio of 40.99, a P/E/G ratio of 0.43 and a beta of 1.54.

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.