Wall Street Analyst Downgrade Brookfield Asset Management Inc. [BAM]. What else is Wall St. saying

Brookfield Asset Management Inc. [NYSE: BAM] closed the trading session at $51.43 on 07/22/21. The day’s price range saw the stock hit a low of $50.71, while the highest price level was $51.6982. The company report on July 22, 2021 that Brookfield Announces Pricing of US$600 Million Green Note Offering and US$250 Million Re-Opening of 3.500% Notes Due 2051.

Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) announced the pricing of a public offering of US$600 million principal amount of senior notes due 2032 (the “2032 notes”), which will bear interest at a rate of 2.34% per annum, and the pricing of a US$250 million re-opening of its 3.500% notes due 2051 (the “2051 notes” and together with the 2032 notes, the “notes”).

The 2051 notes will form part of the same series as the already outstanding US$500 million principal amount of 3.500% notes due 2051 (the “existing notes”), which were issued on September 28, 2020. After giving effect to the re-opening, the aggregate principal amount of the series will be US$750 million. The terms of the 2051 notes will be identical to the existing notes, other than the issue date, the issue price and the date of the first payment of interest thereon. The 2051 notes will be issued at a price equal to 104.590% of their face value plus accrued and unpaid interest from March 30, 2021 (the most recent interest payment date applicable to the existing notes) through, but excluding, the date of delivery of such notes, with an effective yield of 3.255%, if held to maturity.

The stocks have a year to date performance of 25.50 percent and weekly performance of 1.98 percent. The stock has been moved at 33.45 percent over the last six months. The stock has performed 2.95 percent around the most recent 30 days and changed 15.04 percent over the most recent 3-months.

If compared to the average trading volume of 2.56M shares, BAM reached to a volume of 4539965 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 1.10, with the Price to Sales ratio for BAM stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 2.36, with the Price to Cash per share for the same quarter was set at 6.12. Price to Free Cash Flow for BAM in the course of the last twelve months was 30.10.

BAM stock trade performance evaluation

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 1.98. With this latest performance, BAM shares gained by 2.95% in over the last four-week period, additionally plugging by 33.45% over the last 6 months – not to mention a rise of 49.95% 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 56.92, with the RSI for the last a single of trading hit 58.18, and the three-weeks RSI is set at 56.28 for Brookfield Asset Management Inc. [BAM]. The present Moving Average for the last 50 days of trading for this stock 49.94, while it was recorded at 49.81 for the last single week of trading, and 43.03 for the last 200 days.

Brookfield Asset Management Inc. [BAM]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for Brookfield Asset Management Inc. [BAM] stock

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%.

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