TD Securities Cuts Brookfield Asset Management (TSE:BAM) Price Target to C$75.00

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) had its target price decreased by TD Securities from C$76.00 to C$75.00 in a report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, UBS Group upgraded shares of Brookfield Asset Management to a “hold” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$77.67.

Brookfield Asset Management Trading Down 1.9%

Shares of TSE:BAM opened at C$68.38 on Tuesday. The stock has a 50 day moving average of C$72.83 and a 200 day moving average of C$77.61. The company has a market cap of C$110.14 billion, a PE ratio of 44.12, a price-to-earnings-growth ratio of 0.43 and a beta of 1.53. Brookfield Asset Management has a 12-month low of C$59.16 and a 12-month high of C$90.24.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its earnings results on Friday, November 7th. The company reported C$0.64 EPS for the quarter. Brookfield Asset Management had a net margin of 65.13% and a return on equity of 32.14%. The company had revenue of C$1.73 billion for the quarter. Equities research analysts predict that Brookfield Asset Management will post 2.5564428 earnings per share for the current fiscal year.

About Brookfield Asset Management

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.