What Are Wall Street’s Thoughts On Brookfield Asset Management Inc. Shares (BAM)?

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SNOW Stock
SNOW Stock

The stock of Brookfield Asset Management Inc. (NYSE:BAM) increased by $0.21 on Wednesday to $44.91, up 0.47 percent. The last five days have seen an average of 1,716,101 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$15.37. The average number of shares traded over the last 20 days was 2,726,945, while the average volume over the last 50 days totaled 2,635,618.

BAM stock appreciated 17.32% since last month. On 10/24/22, the company’s shares reached a one-month low of $37.17. The stock touched a high of $62.47 on 02/10/22, after rallying from a low of $36.93 in 52 weeks. The price of BAM stock has declined by -25.97% or -$15.37 this year, reaching a new high 3 times. Still, the stock price is down -28.10% from the 52-week high.


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Insider Transactions

BAM stock investors should be aware that Brookfield Asset Management Inc. (BAM) stock had its last reported insider trading activity 15 days ago on Nov 08. On Nov 08, 10% Owner OAKTREE CAPITAL MANAGEMENT LP sold 1,000,000 shares at $9.60 each. This transaction resulted in the insider making $9,603,600. On Oct 13, OAKTREE CAPITAL MANAGEMENT LP sold 2,825,000 shares at a price of US$8.50. After the transaction, the insider now owns 7,797,000 shares. 10% Owner OAKTREE CAPITAL MANAGEMENT LP had earlier sold 1,000,000 shares on Oct 07 for $9.00 a share. The transaction was completed for $9,000,000.

Valuation Metrics

Brookfield Asset Management Inc. (BAM) has a trailing price-to-earnings (P/E) ratio of 21.71. Beta for the stock is 1.28. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.78, the price-to-book (PB) ratio of 1.73.

Company paid $0.14 per share in dividends, remained unchanged from $0.14 last year. A $0.01 dividend increase was reported on Thursday February 10 2022.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending September 29 is 5.04, and the total debt to equity ratio is 5.06. As far as profitability goes, gross margin for the trailing twelve months is 17.10% percent. Brookfield Asset Management Inc.’s operating margin stood at 11.60% for the same period. Based on annual data, it had gross profit of $11.73 billion and revenue of $75.73 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BAM’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 5.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.00%.

Earnings Surprise

According to Brookfield Asset Management Inc.’s quarterly financial report for the quarter that ended September 29, it had $1.69 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $67.83 billion, while revenues rose by 16.3% to $0.0. It was predicted that Brookfield Asset Management Inc.’s quarterly earnings would be $0.85, but it ended up being $0.74, beating the consensus by 14.90%. EBITDA was $5.62 billion for the quarter. At the end of Brookfield Asset Management Inc.’s most recent quarter ended September 29, its liabilities totaled 285.17 billion, while its total debt was $204.48 billion.

Technical Picture

Here’s a quick look at Brookfield Asset Management Inc.’s (BAM) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 60.74%, suggesting the stock is Neutral, with a 33.46% historical volatility rate.

The stochastic %K and %D were 68.13% and 68.75% respectively, while the average true range (ATR) was 1.36. Based on the 14-day stochastic reading of 69.58%, the RSI (14) reading is 58.82%. On the 9-day MACD Oscillator, the stock is at -0.75, and the 14-day reading is at 0.57.

Analyst Ratings

In its most recent analyst report, Credit Suisse raised its rating on Brookfield Asset Management Inc. (NYSE: BAM) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Brookfield Asset Management Inc. (BAM) an Buy rating. BAM is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 10 others recommend it as a buy.

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

The current consensus forecast for the stock is between $43.00 and $73.00, with a median target price of $60.00. In analyzing these forecasts, the average price target given by analysts for Brookfield Asset Management Inc. (BAM) is $59.45.

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