Brookfield Asset Management (BAM) Expected to Announce Quarterly Earnings on Wednesday

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) will likely be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Brookfield Asset Management to post earnings of $0.39 per share and revenue of $1.27 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Brookfield Asset Management Stock Performance

Shares of BAM stock opened at $57.59 on Tuesday. The firm has a market cap of $25.52 billion, a P/E ratio of 50.96, a P/E/G ratio of 2.18 and a beta of 1.46. The firm’s 50 day moving average price is $56.48 and its 200-day moving average price is $50.65. Brookfield Asset Management has a one year low of $37.29 and a one year high of $62.61.

Analyst Ratings Changes

A number of research firms have commented on BAM. Deutsche Bank Aktiengesellschaft raised their price target on Brookfield Asset Management from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. CIBC boosted their price target on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. UBS Group started coverage on shares of Brookfield Asset Management in a research note on Monday, December 16th. They issued a “buy” rating for the company. Finally, TD Securities upped their target price on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Brookfield Asset Management currently has an average rating of “Hold” and a consensus target price of $56.58.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.