Brookfield Asset Management Ltd. (TSE:BAM) Receives C$75.00 Consensus Target Price from Brokerages

Shares of Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) have been given an average rating of “Buy” by the four research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$75.00.

Separately, Royal Bank Of Canada raised shares of Brookfield Asset Management to a “moderate buy” rating in a research note on Monday, May 11th.

Brookfield Asset Management Price Performance

BAM opened at C$67.81 on Monday. The business’s fifty day simple moving average is C$65.99 and its 200 day simple moving average is C$65.82. Brookfield Asset Management has a 52 week low of C$58.09 and a 52 week high of C$88.12. The company has a quick ratio of 0.95, a current ratio of 1.68 and a debt-to-equity ratio of 38.61. The stock has a market cap of C$108.28 billion, a PE ratio of 43.47, a P/E/G ratio of 0.43 and a beta of 1.32.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.53 earnings per share (EPS) for the quarter. The firm had revenue of C$1.98 billion during the quarter. Brookfield Asset Management had a return on equity of 30.18% and a net margin of 50.79%. As a group, research analysts expect that Brookfield Asset Management will post 2.5564428 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.5025 dividend. This represents a $2.01 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Asset Management’s payout ratio is 116.35%.

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.