Deutsche Bank Aktiengesellschaft Lowers Brookfield Asset Management (NYSE:BAM) Price Target to $59.00

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its target price decreased by equities research analysts at Deutsche Bank Aktiengesellschaft from $62.00 to $59.00 in a report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 3.35% from the stock’s previous close.

A number of other research analysts also recently commented on the company. increased their price target on Brookfield Asset Management from $66.00 to $69.00 and gave the company a “buy” rating in a report on Friday, November 12th. Royal Bank of Canada increased their target price on Brookfield Asset Management from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, November 15th. TD Securities raised their price target on Brookfield Asset Management from $71.00 to $72.00 and gave the stock an “action list buy” rating in a report on Monday, November 8th. Zacks Investment Research cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, October 15th. Finally, The Goldman Sachs Group cut Brookfield Asset Management from a “conviction-buy” rating to a “buy” rating in a research report on Friday, November 12th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $65.10.

Brookfield Asset Management stock opened at $57.09 on Thursday. The firm has a market capitalization of $93.62 billion, a P/E ratio of 26.80 and a beta of 1.30. The stock has a fifty day moving average price of $58.71 and a 200 day moving average price of $56.51. Brookfield Asset Management has a 52 week low of $37.92 and a 52 week high of $62.20. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.31.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Wednesday, November 10th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.45). Brookfield Asset Management had a net margin of 4.91% and a return on equity of 2.90%. The company had revenue of $19.25 billion during the quarter. During the same period in the prior year, the business posted $0.65 EPS.

Several institutional investors have recently modified their holdings of the business. Wealth Quarterback LLC acquired a new position in shares of Brookfield Asset Management during the 3rd quarter worth about $30,000. Strategic Blueprint LLC bought a new position in shares of Brookfield Asset Management during the second quarter worth approximately $36,000. Delta Asset Management LLC TN boosted its position in shares of Brookfield Asset Management by 226.9% during the 3rd quarter. Delta Asset Management LLC TN now owns 899 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 624 shares in the last quarter. Cordasco Financial Network boosted its position in shares of Brookfield Asset Management by 24.6% during the 3rd quarter. Cordasco Financial Network now owns 988 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 195 shares in the last quarter. Finally, Edge Wealth Management LLC boosted its position in Brookfield Asset Management by 37.5% in the fourth quarter. Edge Wealth Management LLC now owns 1,477 shares of the financial services provider’s stock valued at $71,000 after buying an additional 403 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

About Brookfield Asset Management

Brookfield Asset Management, Inc engages in the management of public and private investment products and services for institutional and retail clients. It operates through the following segments: Asset Management, Real Estate, Renewable Power, Infrastructure, Private Equity, Residential Development, and Corporate Activities.

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