Brookfield Asset Management Inc (BAM) was Upgraded by RBC Capital Mkts to ” Top Pick” and the brokerage firm has set the Price Target at $41. Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Sep 22, 2016.
On the company’s financial health, Brookfield Asset Management Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Aug 12, 2016. Analyst had a consensus of $0.46. The company had revenue of $5973.00 million for the quarter, compared to analysts expectations of $4779.48 million. The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Brookfield Asset Management Inc opened for trading at $33.31 and hit $33.6 on the upside on Tuesday, eventually ending the session at $33.36, with a gain of 0.85% or 0.28 points. The heightened volatility saw the trading volume jump to 8,65,143 shares. Company has a market cap of $31,992 M.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company owns and operates assets with a focus on property renewable energy infrastructure and private equity. The Company operates in eight segments: Asset Management property renewable energy infrastructure private equity residential development service activities and corporate activities. Brookfield manages a range of investment funds and other entities that enable institutional and retail clients to invest in these assets. These products include publicly listed partnerships that are listed on stock exchanges as well as private institutional partnerships that are available to accredited investors typically pension funds endowments and other institutional investors. The Company also manages portfolios of listed securities through a series of segregated accounts and mutual funds.