The stock of Brookfield Asset Management Inc (NYSE:BAM) hit a new 52-week high and has $43.84 target or 21.00% above today’s $36.23 share price. The 5 months bullish chart indicates low risk for the $36.26 billion company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $43.84 price target is reached, the company will be worth $7.61B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 439,365 shares traded hands. Brookfield Asset Management Inc (NYSE:BAM) has risen 7.42% since March 16, 2016 and is uptrending. It has outperformed by 1.87% the S&P500.
Analysts await Brookfield Asset Management Inc (NYSE:BAM) to report earnings on November, 11 before the open. They expect $0.47 EPS, down 2.08% or $0.01 from last year’s $0.48 per share. BAM’s profit will be $470.39 million for 19.27 P/E if the $0.47 EPS becomes a reality. After $0.62 actual EPS reported by Brookfield Asset Management Inc for the previous quarter, Wall Street now forecasts -24.19% negative EPS growth.
Brookfield Asset Management Inc (NYSE:BAM) Ratings Coverage
Out of 6 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $41 is the highest target while $36 is the lowest. The $39.54 average target is 9.14% above today’s ($36.23) stock price. Brookfield Asset Management Inc. has been the topic of 12 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Brookfield Asset Management Inc (NYSE:BAM) earned “Top Pick” rating by RBC Capital Markets on Thursday, September 22. The firm has “Outperform” rating given on Tuesday, May 24 by Wood. The firm has “Sell” rating by Zacks given on Monday, August 17. The firm earned “Outperform” rating on Wednesday, September 30 by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, October 8 with “Outperform”. The stock of Brookfield Asset Management Inc (NYSE:BAM) earned “Outperform” rating by Keefe Bruyette & Woods on Tuesday, May 24. The rating was upgraded by IBC to “Sector Outperform” on Friday, October 16.
According to Zacks Investment Research, “Brookfield Asset Management Inc. is an asset manager. Focused on property, power and infrastructure assets, the company has assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM. At Brookfield they continually strive to ensure that they have sound corporate governance practices to maintain investor confidence in the way in which they do business. To ensure it communicates with there practices and commitment to strong corporate governance, they are proud to share with its Statement of Corporate Governance, Corporate Disclosure Policy, Code of Business Conduct and Ethics and other related information on its corporate governance initiatives and practices.”
More notable recent Brookfield Asset Management Inc (NYSE:BAM) news were published by: Fool.ca which released: “Consider Diversifying Your Portfolio With Brookfield Asset Management Inc.” on October 18, 2016, also Business.Financialpost.com with their article: “Why Brookfield Asset Management Inc is RBC’s top real estate stock” published on September 22, 2016, Fool.ca published: “Blue Horseshoe Loves Brookfield Asset Management Inc.” on October 04, 2016. More interesting news about Brookfield Asset Management Inc (NYSE:BAM) were released by: Reuters.com and their article: “Brookfield Asset Management mulls bid for Performance Sports: Bloomberg” published on October 11, 2016 as well as Fool.ca‘s news article titled: “4 Top Qualities That Make Brookfield Asset Management Inc. a â€œHold Foreverâ€ Stock” with publication date: September 26, 2016.
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