Brookfield Asset Management Inc. [NYSE: BAM] gained 0.90% on the last trading session, reaching $52.45 price per share at the time. The company report on June 28, 2021 that Brookfield Completes Special Dividend and Creation of Brookfield Asset Management Reinsurance Partners Ltd.
Brookfield Asset Management Inc. (“Brookfield” or “BAM”) (NYSE: BAM; TSX: BAM.A) and Brookfield Asset Management Reinsurance Partners Ltd. (“Brookfield Reinsurance” or “BAM Re”) (NYSE, TSX: BAMR) jointly announced that Brookfield has completed the previously announced creation of Brookfield Reinsurance.
“We are excited to be launching Brookfield Reinsurance, which establishes a scalable platform for our growing insurance businesses and provides investors with an alternative, efficient means through which to hold an interest in Brookfield,” said Sachin Shah, CEO of Brookfield Reinsurance and Chief Investment Officer of Brookfield.
Brookfield Asset Management Inc. represents 1.51 billion in outstanding shares, while the company has a total market value of $81.91 billion with the latest information. BAM stock price has been found in the range of $51.52 to $52.46.
If compared to the average trading volume of 2.38M shares, BAM reached a trading volume of 3268105 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Brookfield Asset Management Inc. [BAM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BAM shares is $55.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BAM stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Brookfield Asset Management Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 31, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on November 18, 2020, representing the official price target for Brookfield Asset Management Inc. stock. Previously, the target price had yet another raise from $38 to $40, while Citigroup kept a Buy rating on BAM stock. On August 17, 2020, analysts increased their price target for BAM shares from 37 to 41.
The Average True Range (ATR) for Brookfield Asset Management Inc. is set at 0.84, with the Price to Sales ratio for BAM stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 2.40, with the Price to Cash per share for the same quarter was set at 6.29. Price to Free Cash Flow for BAM in the course of the last twelve months was 29.86.
Trading performance analysis for BAM stock
Brookfield Asset Management Inc. [BAM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.99. With this latest performance, BAM shares gained by 4.93% in over the last four-week period, additionally plugging by 28.89% over the last 6 months – not to mention a rise of 61.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BAM stock in for the last two-week period is set at 74.67, with the RSI for the last a single of trading hit 74.93, and the three-weeks RSI is set at 69.31 for Brookfield Asset Management Inc. [BAM]. The present Moving Average for the last 50 days of trading for this stock 48.33, while it was recorded at 51.70 for the last single week of trading, and 41.63 for the last 200 days.
Brookfield Asset Management Inc. [BAM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Brookfield Asset Management Inc. [BAM] shares currently have an operating margin of +14.33 and a Gross Margin at +31.44. Brookfield Asset Management Inc.’s Net Margin is presently recorded at -0.21.
Return on Total Capital for BAM is now 3.44, given the latest momentum, and Return on Invested Capital for the company is -0.08. Return on Equity for this stock declined to -0.39, with Return on Assets sitting at -0.04. When it comes to the capital structure of this company, Brookfield Asset Management Inc. [BAM] has a Total Debt to Total Equity ratio set at 447.35. Additionally, BAM Total Debt to Total Capital is recorded at 81.73, with Total Debt to Total Assets ending up at 46.65. Long-Term Debt to Equity for the company is recorded at 436.74, with the Long-Term Debt to Total Capital now at 70.56.
Reflecting on the efficiency of the workforce at the company, Brookfield Asset Management Inc. [BAM] managed to generate an average of -$1,182 per employee. Receivables Turnover for the company is 6.24 with a Total Asset Turnover recorded at a value of 0.20.
Brookfield Asset Management Inc. [BAM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Brookfield Asset Management Inc. posted -0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -210.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BAM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Brookfield Asset Management Inc. go to 9.43%.