Brookfield Asset Management Ltd (NYSE:BAM) does about 2.24M shares in volume on a normal day but saw 2143691 shares change hands in the recent trading day. The company now has a market cap of 92.82B USD. Its current market price is $57.56, marking an increase of 1.77% compared to the previous close of $56.56. The 52 week high reached by this stock is $62.61 whilst the lowest price level in 52 weeks is $37.29. The script in recent trading has seen the stock touch a high of $54 and a low of $54.
3 analysts observing the Brookfield Asset Management Ltd (BAM) stock have set the 12-month price targets for the company’s shares at between $54 and $54. The consensus objective for the share price is $57.20, suggesting that the stock has a potential downside of -0.63% over the period. The median price target is -6.59% away from the current levels at $54.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is 1.53%, 10.78%, and 11.08% away from its SMA20, SMA50, and SMA200 respectively, with the BAM price moving above the 50-day SMA on current market day. Brookfield Asset Management Ltd (BAM) stock is down -2.84% over the week and 8.71% over the past month. Its price is 6.22% year-to-date and 44.84% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.4 and 1.65 for whole year. Expected sales for next quarter are $1.32B, which analysts say will come at $5.27B for the current fiscal year and next year at $5.99B. In addition, estimates put the company’s current quarterly revenue at an average of $1.29B.
Its 12-month price target is $54. To reach the target analysts have set, the stock logically needs to shrink -0.63 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $54, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $54.
Outstanding shares total 1.61B with insiders holding 3.78% of the shares and institutional holders owning 89.87% of the company’s common stock. The company has a return on investment of 11.69% and return on equity of 19.09%. The price to earnings ratio (P/E ratio) amounts to 41.17 while the forward price to earnings ratio is 30.15. The beta has a value of 1.52. Price to book ratio is 10.93 and price to sales ratio is 65.41.
