Brookfield Asset Management Ltd [NYSE: BAM] closed the trading session at $44.70.
The stocks have a year to date performance of 11.28 percent and weekly performance of 8.44 percent. The stock has been moved at 6.40 percent over the last six months. The stock has performed 11.39 percent around the most recent 30 days and changed 16.83 percent over the most recent 3-months.
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If compared to the average trading volume of 1.05M shares, BAM reached to a volume of 2537025 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 Ltd [BAM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BAM shares is $43.54 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 2.47. 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.
Jefferies have made an estimate for Brookfield Asset Management Ltd shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 02, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $38 to $41. The new note on the price target was released on May 15, 2024, representing the official price target for Brookfield Asset Management Ltd stock.
The Average True Range (ATR) for Brookfield Asset Management Ltd is set at 1.12, with the Price to Sales ratio for BAM stock in the period of the last 12 months amounting to 48.01. The Price to Book ratio for the last quarter was 5.80, with the Price to Cash per share for the same quarter was set at 0.02. Price to Free Cash Flow for BAM in the course of the last twelve months was 37.34.
BAM stock trade performance evaluation
Brookfield Asset Management Ltd [BAM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.44. With this latest performance, BAM shares gained by 11.39% in over the last four-week period, additionally plugging by 6.40% over the last 6 months – not to mention a rise of 27.53% 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 70.36, with the RSI for the last a single of trading hit 77.83, and the three-weeks RSI is set at 65.58 for Brookfield Asset Management Ltd [BAM]. The present Moving Average for the last 50 days of trading for this stock 40.94, while it was recorded at 42.95 for the last single week of trading, and 39.81 for the last 200 days.
Earnings per share (EPS) analysis for Brookfield Asset Management Ltd [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 Ltd go to 13.73%.
Brookfield Asset Management Ltd [BAM]: Institutional Ownership
There are presently around $69.85%, or 81.50%% of BAM stock, in the hands of institutional investors. The top three institutional holders of BAM stocks are: PARTNERS VALUE INVESTMENTS LP with ownership of 30.81 million shares, which is approximately 10.3061%. CAPITAL WORLD INVESTORS, holding 23.75 million shares of the stock with an approximate value of $$903.65 million in BAM stocks shares; and CAPITAL WORLD INVESTORS, currently with $$787.93 million in BAM stock with ownership which is approximately 6.9257%.
