Canaccord Genuity Believes Brookfield Asset Mng (BAM) Still Has Room to Grow


In a report released today, Mark Rothschild from Canaccord Genuity reiterated a Buy rating on Brookfield Asset Mng (NYSE: BAM), with a price target of $47.50. The company’s shares opened today at $43.41, close to its 52-week high of $44.33.

Rothschild has an average return of 7.4% when recommending Brookfield Asset Mng.

According to TipRanks.com, Rothschild is ranked #370 out of 4850 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Asset Mng with a $51 average price target, a 17.5% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $47 price target.

.

See today’s analyst top recommended stocks >>

Brookfield Asset Mng’s market cap is currently $41.79B and has a P/E ratio of 18.99. The company has a Price to Book ratio of 1.71.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Brookfield Asset Management, Inc. engages in the ownership and operation of assets of its shareholder and clients with a focus on real estate, renewable power, infrastructure and private equity. It operates through the following business segments: Asset Management, Real Estate, Renewable Power, Infrastructure, Private Equity, Residential Development, and Corporate Activities. The Asset Management segment includes managing the listed partnerships of the company, private funds and public securities on behalf of its investors and the company. The Real Estate segment is comprised of the ownership, operation and development of core office, core retail, opportunistic and other properties. The Renewable Power segment encompasses the ownership, operation and development of hydroelectric, wind, solar, storage and other power generating facilities. The Infrastructure segment is consist of the ownership, operation and development of utilities, transport, energy, communications and sustainable resource assets. The Private Equity segment refers to the broad range of industries, and are mostly focused on construction, other business services, energy, and industrial operations. The Residential Development segment represents homebuilding, condominium development and land development. The Corporate Activities segment handles investment of cash and financial assets, as well as the management of the corporate capitalization of the company, including corporate borrowings and preferred equity. The company was founded on August 1, 1997 and is headquartered in Toronto, Canada.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts