In a new note to investors yesterday, an analyst has provided a rating update for Brookfield Asset Management Ltd. Class A (BAM – Research Report). The NA company, Brookfield Asset Management Ltd. Class A (TSX: BAM) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Siegenthaler is a 5-star analyst with an average return of 10.8% and a 62.6% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Victory Capital Holdings, and Apollo Global Management.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brookfield Asset Management Ltd. Class A with a C$50.79 average price target.
Based on Brookfield Asset Management Ltd. Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$25.15 billion and net profit of C$81 million. In comparison, last year the company earned revenue of C$23.72 billion and had a net profit of C$1.38 billion.
Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a leading global alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.
The company’s shares closed last Monday at C$42.71.
Read More on TSE:BAM:
- Brookfield Asset Management (TSE:BAM) Slips despite Rising Profit
- Brookfield Asset Management Announces Strong Third Quarter Results
- BAM Upcoming Earnings Report: What to Expect?
- Cushman no longer handling office listings for Brookfield, Bloomberg reports
- Brookfield fires Cushman from handling U.S. listings, Bloomberg says
