Analyst Ratings Coverage
Brookfield Asset Management’s stock has received several recent analyst rating and target changes.
Scotia Capital lowered their target price to CAD 50 while maintaining an “Outperform” rating on November 1, 2023.
TD Securities maintained their bullish outlook, designating the stock for their “Action Buy List” with a target of CAD 57.
RBC Capital reaffirmed their “Outperform” rating for Brookfield Asset Management with a target price of CAD 45, reflecting their positive sentiment regarding the stock’s future performance.
STA Research maintained a “Hold” rating and has a target price of CAD 40, signaling a more cautious stance.
BAM Stock Analysis
According to a consensus of six analysts, the average target price for Brookfield Asset Management Ltd (CAD) is projected to reach CAD 51.38 within the coming 12 months, indicating a positive outlook on the stock’s potential. The consensus among these analysts is a “Strong Buy” rating, reflecting a high level of confidence in the company’s future performance.
Stock Target Advisor conducted its own analysis of Brookfield Asset Management Ltd, resulting in a “Bullish” assessment. This bullish stance is derived from six positive signals and only two negative signals, suggesting that the stock has favorable prospects.
In the most recent market session, Brookfield Asset Management Ltd’s stock closed at CAD 39.75. Over the past week, the stock has experienced a slight decline of -5.74%. The stock price showed a decline of -12.17% over the last month. However, when observing the stock’s performance over the past year, it has remained relatively stable with a change of 0%, indicating a resilient long-term trajectory in contrast to its recent short-term fluctuations.
About Brookfield
Brookfield Asset Management is a global alternative asset management company based in Toronto, Canada. Founded in 1899, Brookfield has grown into one of the world’s leading alternative asset managers, specializing in a wide range of investment strategies, including real estate, infrastructure, renewable power, private equity, and credit.
The company’s primary focus is on acquiring and managing real assets, which encompass physical properties, infrastructure projects, and other tangible investments. Brookfield manages a vast portfolio of assets, making it a significant player in the global alternative investment industry.
Brookfield Asset Management operates under several subsidiaries and affiliates, each specializing in different aspects of asset management and investing. Some of its most notable subsidiaries include Brookfield Property Partners, Brookfield Infrastructure Partners, and Brookfield Renewable Partners.
The company’s success is built on a value-oriented investment approach, a long-term investment horizon, and a focus on creating value through active asset management. Brookfield’s ability to identify and unlock value in underperforming or distressed assets has been a key driver of its growth and profitability over the years.
Brookfield Asset Management’s global footprint spans North America, South America, Europe, Asia, and Australia, and it manages assets on behalf of a broad range of institutional and individual investors. With a strong commitment to sustainability and responsible investing, Brookfield also places a significant emphasis on environmental, social, and governance (ESG) considerations in its investment and management practices.
