Brookfield Asset Management Inc (NYSE:BAM) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.5 by 4 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating.
Other Equity analysts have also commented on the company shares. Keefe Bruyette & Woods initiates coverage on Brookfield Asset Management Inc (NYSE:BAM).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods announces the price target of $41 per share. The rating by the firm was issued on May 24, 2016.
Brookfield Asset Management Inc (NYSE:BAM): The mean short term price target for Brookfield Asset Management Inc (NYSE:BAM) has been established at $39.44 per share. The higher price target estimate is at $41 and the lower price target estimate is expected at $37 according to 4 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.85
Brookfield Asset Management Inc (NYSE:BAM) rose 1.68% or 0.57 points on Tuesday and made its way into the gainers of the day. After trading began at $34.06 the stock was seen hitting $34.665 as a peak level and $33.72 as the lowest level. The stock ended up at $34.44. The daily volume was measured at 1,050,799 shares. The 52-week high of the share price is $36.17295 and the 52-week low is $25.681271. The company has a market cap of $33,016 million.
Shares of Brookfield Asset Management Inc. rose by 3.33% in the last five trading days and 2% for the last 4 weeks. Brookfield Asset Management Inc. is up 0.31% in the last 3-month period. Year-to-Date the stock performance stands at 10.1%.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company owns and operates assets with a focus on property, renewable energy, infrastructure and private equity. The Company operates in eight segments: Asset Management, property, renewable energy, infrastructure, private equity, residential development, service activities and corporate activities. Brookfield manages a range of investment funds and other entities that enable institutional and retail clients to invest in these assets. These products include publicly listed partnerships that are listed on stock exchanges, as well as private institutional partnerships that are available to accredited investors, typically pension funds, endowments and other institutional investors. The Company also manages portfolios of listed securities through a series of segregated accounts and mutual funds.