On June 5, 2023, RBC Capital analyst Geoffrey Kwan reiterated his Outperform rating for Brookfield Asset Management (NYSE:BAM) and maintained a price target of $43.
Stock analysis reveals that BAM is currently trading at a significant discount of 57.2% below its estimated fair value. Furthermore, earnings are expected to grow at a rate of 14.23% per year.
The average 12-month stock price forecast for BAM is $44.31, indicating a potential increase of 39.87%. This optimistic outlook is reflected in the “Buy” rating given by all 8 analysts covering the stock.
In addition, the 9 analysts offering 12-month price forecasts for Brookfield Asset Management have a median target of $38.00, with a high estimate of $48.00 and a low estimate of $30.00.
Brookfield Asset Management Inc.
Updated on: 06/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Brookfield Asset Management (BAM) Stock Analysis and Potential Investment Opportunities
On June 5, 2023, Brookfield Asset Management (BAM) opened at $31.71 and traded in a narrow range between $31.70 and $31.90, with a total of 52,553 shares changing hands. BAM’s market cap stands at $13.1B, and the company has shown steady earnings growth over the past year, with a projected 17.13% increase in earnings for the current year and a further growth rate of 11.80% over the next five years. BAM’s revenue growth has been impressive, with a 17.49% increase in the previous year. The company’s P/E ratio of 6.0 is relatively low, which could make it an attractive investment opportunity for value investors. However, BAM’s price/sales ratio of 3.25 and price/book ratio of 1.37 are both higher than the industry averages, which suggests that the stock may be overvalued. BAM’s next reporting date is August 9, 2023, when the company will release its earnings for the most recent quarter. Analysts are currently forecasting earnings per share of $0.33 for the quarter. Overall, investors should carefully consider the risks and potential overvaluation before making any investment decisions.
BROOKFIELD ASSET MANAGEMENT LTD (BAM) Stock Forecast: Potential Increase of +20.06% with a Buy Rating from Analysts
On June 5, 2023, BROOKFIELD ASSET MANAGEMENT LTD (BAM) stock had a last price of 31.65. However, according to the 9 analysts offering 12-month price forecasts for BAM, the median target price is 38.00, with a high estimate of 48.00 and a low estimate of 21.00. This indicates a potential increase of +20.06% from the last price. The current consensus among the 9 polled investment analysts is to buy stock in BAM, and this rating has held steady since May. BAM’s earnings per share for the current quarter are $0.33, and its sales are $1.1 billion. BAM is a global alternative asset manager that focuses on real estate, renewable power, infrastructure, and private equity. Investors should keep an eye on the company’s earnings and sales figures when they are reported in August to get a better idea of its performance.