Are You Looking To Buy Brookfield Asset Management Inc. (BAM)? First, Read This

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Brookfield Asset Management Inc. (NYSE:BAM) traded with a subtraction of -$0.93 to $45.51 on Thursday, a downside of -2.00 percent. An average of 1,070,564 shares of common stock have been traded in the last five days. There was a fall of -$3.10 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,265,961 shares traded, while the 50-day average volume stands at 1,326,502.

BAM stock has decreased by -8.98% in the last month. The company shares reached their 1-month lowest point of $45.53 on 09/22/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $42.21 and a high of $62.47 in 52 weeks. It has reached a new high 3 times so far this year and lost -23.09% or -$14.68 in price. In spite of this, the price is down -27.14% from the 52-week high.


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Insider Transactions

14 days have passed since Brookfield Asset Management Inc. (BAM) last reported insider trading activity. Opps TPIC Holdings, LLC, who is 10% Owner, most recently acquired $3,963,416 shares at $18.85 per share on Sep 08. In this transaction, the insider spent $74,710,392. 10% Owner, Opps TPIC Holdings, LLC, disposed of 2,512 shares at a price of $18.59 on Aug 31. The insider now owns more than $46,698 worth of shares. Prior to that, 10% Owner OAKTREE CAPITAL MANAGEMENT LP went on to Sale 191,591 shares at $11.30 each on Jun 02. An amount of $2,164,978 was transacted.

Valuation Metrics

Brookfield Asset Management Inc. (BAM) has a trailing price-to-earnings (P/E) ratio of 20.26. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.86, the price-to-book (PB) ratio at 1.74.

The company has a payout ratio of 22.70%. The company’s most recent quarterly dividend payment was $0.14 a share, without any change from last year. Its latest increase dividend $0.01 reported on Thursday February 10 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 4.76 and a total debt to equity ratio of 4.79 for the quarter ending June 29. Its gross profit as reported stood at $11.73 billion compared to revenue of $75.73 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Brookfield Asset Management Inc.’s return on assets was 0.90%.

Earnings Surprise

For the three-month period that ended June 29, Brookfield Asset Management Inc. had $1.69 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.81 billion in the quarter, while revenues were shrunk -27.68%. The analyst consensus anticipated Brookfield Asset Management Inc.’s latest quarter earnings to come in at $0.75 per share, but it turned out to be $0.49, a -34.70% surprise. For the quarter, EBITDA amounted to $5.28 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Brookfield Asset Management Inc. (BAM) price momentum. RSI 9-day as of the close on 21 September was 28.54%, suggesting the stock is oversold, with historical volatility in this time frame at 25.96%.

As of today, BAM’s price is $47.19 -6.35% or -$3.10 from its 5-day moving average. BAM is currently trading -10.44% lower than its 20-day SMA and -8.34% lower than its 100-day SMA. However, the stock’s current price level is +3.51% above the SMA50 and -20.23% below the SMA200.

The stochastic %K and %D were 7.12% and 18.18%, respectively, and the average true range (ATR) was 1.27. With the 14-day stochastic at 2.87% and the average true range at 1.25, the RSI (14) stands at 34.31%. The stock has reached -1.84 on the 9-day MACD Oscillator while the 14-day reading was at -1.91.

Analyst Ratings

Credit Suisse upgraded Brookfield Asset Management Inc. (NYSE: BAM) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

What is BAM’s price target for the next 12 months?

Analysts predict a range of price targets between $43.00 and $73.00, with a median target of $65.50. Taking a look at these predictions, the average price target given by analysts for Brookfield Asset Management Inc. (BAM) stock is $63.25.

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