Brookfield Asset Management (TSE:BAM) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Brookfield Asset Management shares crossed above their 200-day moving average, reaching a high of C$85.95 before last trading at C$84.85.
• Recent analyst ratings indicate a mixed outlook, with one sell, two buy, and two strong buy ratings, while UBS Group lowered its price target from C$96.00 to C$90.00.
• The company has a market capitalization of C$99.62 billion and is involved in sectors such as real estate, infrastructure, renewable power, and private equity.

Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$76.98 and traded as high as C$85.95. Brookfield Asset Management shares last traded at C$84.85, with a volume of 688,755 shares.

Wall Street Analysts Forecast Growth

BAM has been the topic of a number of research reports. UBS Group dropped their price target on Brookfield Asset Management from C$96.00 to C$90.00 in a research report on Thursday, May 1st. National Bank Financial raised Brookfield Asset Management to a "strong-buy" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$79.00.

Brookfield Asset Management Stock Performance

The firm has a market capitalization of C$96.35 billion and a P/E ratio of 28.24. The business has a fifty day moving average of C$80.45 and a 200-day moving average of C$76.87.

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Asset Management's dividend payout ratio is 70.53%.

Brookfield Asset Management Company Profile

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.