Brookfield Asset Management Stock Price Prediction by TD Securities

Brookfield Asset Management (NYSE:BAM) has recently seen a positive shift in analyst sentiment, particularly from TD Securities. The firm has raised its price target for Brookfield's shares from $61.00 to $64.00, which reflects their belief in the company's growth potential. The new price target indicates a possible upside of approximately 14.57% based on the current market price.

Analysts' Outlook on Brookfield Asset Management

In addition to TD Securities' adjustment, other analysts have also expressed varied opinions regarding Brookfield Asset Management. For example, StockNews.com downgraded the stock from a "hold" rating to a "sell" rating. Conversely, Royal Bank of Canada has increased its price target from $55.00 to $68.00, giving the stock an "outperform" rating.

Furthermore, Jefferies Financial Group initiated coverage with a "hold" rating and set a price target of $43.00. On the other hand, Wells Fargo & Company raised their price target from $48.00 to $51.00 but provided an "underweight" rating. Deutsche Bank also increased its target from $51.00 to $56.00 with a "buy" rating. Overall, the consensus among analysts includes three sell ratings, five holds, and five buy ratings. MarketBeat indicates a consensus rating of "Hold" along with a target price of $51.96.

Recent Trading Performance

In terms of trading activity, Brookfield's share price increased by $1.09, reaching $55.86 during recent trading hours, with a significant volume of 917,948 shares traded. Over the past year, the stock reached a low of $30.59 and a high of $57.36. Brookfield Asset Management currently has a market capitalization of $24.82 billion and a price-to-earnings (P/E) ratio of 49.67.

Company Earnings and Financial Health

Brookfield Asset Management recently reported its earnings results, revealing an earnings per share (EPS) of $0.38 for the quarter, surpassing analysts' expectations of $0.36. However, total revenue for the quarter was $1.12 billion, slightly below expectations of $1.19 billion. The company demonstrated strong financial health, reporting a net margin of 51.29% and a return on equity of 92.37%.

Investor Activity and Ownership

Investor interest in Brookfield Asset Management is evident, with numerous hedge funds increasing their stakes recently. Notably, Hara Capital LLC acquired a new position valued at approximately $27,000 in the third quarter. Other firms, such as MassMutual Trust Co. FSB ADV and Continuum Advisory LLC, have also significantly boosted their holdings. Currently, institutional investors own about 68.41% of the stock, indicating strong institutional support.

Company Overview

Brookfield Asset Management Ltd. specializes in alternative asset management and has a diverse focus, including renewable power and infrastructure sectors. The company operates in areas such as hydroelectric, wind, and solar power, alongside its involvement in utilities and transport sectors.

Brookfield, Assets, Investment