Brookfield Asset Management Ltd [BAM] stock prices are up 0.37% to $38.15 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BAM shares have gain 0.47% over the last week, with a monthly amount drifted -4.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, HSBC Securities downgraded its rating to Hold on February 01, 2024. On December 18, 2023, upgrade upgraded it’s rating to Buy. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $39 on October 06, 2023. BofA Securities initiated its recommendation with a Neutral and recommended $40 as its price target on September 07, 2023. In a note dated December 22, 2022, RBC Capital Mkts initiated an Outperform rating and provided a target price of $35 on this stock.
The stock price of Brookfield Asset Management Ltd [BAM] has been fluctuating between $28.35 and $43.00 over the past year. Currently, Wall Street analysts expect the stock to reach $37.8 within the next 12 months. Brookfield Asset Management Ltd [NYSE: BAM] shares were valued at $38.15 at the most recent close of the market. An investor can expect a potential drop of -0.92% based on the average BAM price forecast.
Analyzing the BAM fundamentals
The Brookfield Asset Management Ltd [NYSE:BAM] reported sales of 389.00M for trailing twelve months, representing a surge of 4.35%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.64%, Pretax Profit Margin comes in at 0.65%, and Net Profit Margin reading is 0.54%. To continue investigating profitability, this company’s Return on Assets is posted at 0.54, Equity is 0.33 and Total Capital is 0.91. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.58 points at the first support level, and at 37.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.45, and for the 2nd resistance point, it is at 38.74.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 40.65, the price to book ratio is 6.79 and price to earnings (TTM) ratio is 35.04.
