Brookfield Asset Management Ltd. Class A (BAM – Research Report), was revisited on November 6, and remains undervalued for at least one analyst on the street. The NA sector company, Brookfield Asset Management Ltd. Class A (TSX: BAM) has received a rating update from a Wall Street analyst on November 6.
According to TipRanks.com, Kwan is a 4-star analyst with an average return of 4.1% and a 53.1% success rate. Kwan covers the Financial sector, focusing on stocks such as Equitable Group, IGM Financial, and CI Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brookfield Asset Management Ltd. Class A with a C$50.30 average price target, implying a 18.6% upside from current levels. In a report issued on November 1, TD Securities also maintained a Buy rating on the stock with a $42.00 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 Wednesday at C$42.45.
Read More on TSE:BAM:
- Cameco, Brookfield complete acquisition of Westinghouse Electric Company
- Brookfield Asset price target lowered to $33 from $34 at Deutsche Bank
- Brookfield Asset price target raised to $37.50 from $36.50 at Scotiabank
- Brookfield Asset Management (TSE:BAM) Slips despite Rising Profit
- Brookfield Asset Management reports Q3 distributable EPS 35c, consensus 32c
