Investors are poised to add Brookfield Asset Management Ltd (BAM) Stock to their long term portfolios

Brookfield Asset Management Ltd [BAM] stock prices are up 0.40% to $47.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BAM shares have gain 1.47% over the last week, with a monthly amount glided 17.38%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Brookfield Asset Management Ltd [NYSE: BAM] stock has seen the most recent analyst activity on August 02, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $43. On February 01, 2024, downgrade downgraded it’s rating to Hold. Deutsche Bank upgraded its rating to a Buy. HSBC Securities initiated its recommendation with a Buy and recommended $39 as its price target on October 06, 2023. BofA Securities started tracking with a Neutral rating for this stock on September 07, 2023, and assigned it a price target of $40.

The stock price of Brookfield Asset Management Ltd [BAM] has been fluctuating between $28.35 and $48.03 over the past year. Currently, Wall Street analysts expect the stock to reach $40.57 within the next 12 months. Brookfield Asset Management Ltd [NYSE: BAM] shares were valued at $47.76 at the most recent close of the market. An investor can expect a potential drop of -15.05% based on the average BAM price forecast.

Analyzing the BAM fundamentals

The Brookfield Asset Management Ltd [NYSE:BAM] reported sales of 390.00M for trailing twelve months, representing a surge of 2.13%. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.65%, and Net Profit Margin reading is 0.56%. To continue investigating profitability, this company’s Return on Assets is posted at 0.3, Equity is 0.3 and Total Capital is 0.39. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.

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 47.36 points at the first support level, and at 46.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.15, and for the 2nd resistance point, it is at 48.55.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 51.30, the price to book ratio is 6.20 and price to earnings (TTM) ratio is 43.17.

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