Brookfield Asset Management - BAM.A Stock Forecast, Price & News

Brookfield Asset Management Inc. is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. The firm invest in attractive businesses through the public debt and equity markets or by providing financing. The firm invest in Business services, Industrials and Residential sectors. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services. Through its subsidiaries, the firm operates hydroelectric power facilities, interconnections and transmission facilities in Northeast North America, and development of wind power in Canada. Through its subsidiaries, it invests in specialty funds including private equity and makes direct investments in real estate, energy, and resource assets. The firm launches and manages equity and fixed income mutual funds. It also manages real estate and hedge funds. The firm invests in equity and fixed income markets across the globe. It also invest in British Columbia, United States, Brazil, Australia, Chile, Uruguay, New Zealand. It prefers to invest between $2 million and $500 million in its portfolio companies. The firm also prefers to take both minority and majority stakes in its companies. It was formerly known as Brascan Corp. Brookfield Asset Management Inc. is based in Toronto, Canada with additional offices in Bogota, Colombia, Rio de Janeiro, Brazil, Calgary, Canada, Dubai, United Arab Emirates, Gatineau, Canada, Hong Kong, Hong Kong, London, United Kingdom, Melbourne, Australia, Montreal, Canada, Mumbai, India, New York City, Perth, Australia, Shanghai, China, and Sydney, Australia.

Wall Street Analyst Weigh In

BAM.A has been the subject of a number of recent research reports. Royal Bank of Canada lifted their target price on Brookfield Asset Management from C$63.00 to C$66.00 and gave the company an "outperform" rating in a report on Friday, August 12th. Credit Suisse Group raised Brookfield Asset Management to a "buy" rating and set a C$71.50 price objective for the company in a research report on Wednesday, April 27th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$72.70.

Brookfield Asset Management Stock Performance

Shares of BAM.A opened at C$68.16 on Wednesday. The company has a market capitalization of C$111.90 billion and a price-to-earnings ratio of 21.99. Brookfield Asset Management has a 52-week low of C$55.51 and a 52-week high of C$79.04. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 148.97. The stock has a 50 day moving average price of C$60.69 and a 200 day moving average price of C$65.05.

Insider Transactions at Brookfield Asset Management

In related news, Senior Officer Lori Anne Pearson acquired 3,200 shares of the firm's stock in a transaction on Tuesday, May 24th. The stock was bought at an average price of C$58.47 per share, for a total transaction of C$187,088.96. Following the completion of the purchase, the insider now directly owns 418,011 shares of the company's stock, valued at approximately C$24,439,138.52.