A share price of Brookfield Asset Management Ltd [BAM] is currently trading at $56.85, up 2.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BAM shares have gain 9.41% over the last week, with a monthly amount drifted -1.75%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Jefferies started tracking the stock with Hold rating on August 02, 2024, and set its price target to $43. HSBC Securities downgraded its rating to a Hold. Deutsche Bank upgraded its rating to a Buy. HSBC Securities started tracking with a Buy rating for this stock on October 06, 2023, and assigned it a price target of $39. In a note dated September 07, 2023, BofA Securities initiated an Neutral rating and provided a target price of $40 on this stock.
Brookfield Asset Management Ltd experienced fluctuations in its stock price throughout the past year between $37.29 and $59.58. Currently, Wall Street analysts expect the stock to reach $54.13 within the next 12 months. Brookfield Asset Management Ltd [NYSE: BAM] shares were valued at $56.85 at the most recent close of the market. An investor can expect a potential drop of -4.78% based on the average BAM price forecast.
Analyzing the BAM fundamentals
Trailing Twelve Months sales for Brookfield Asset Management Ltd [NYSE:BAM] were 522.00M which represents 347.37% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.72%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.17 and Total Capital is 0.23.
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 56.04 points at the first support level, and at 55.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.32, and for the 2nd resistance point, it is at 57.79.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 45.70, the price to book ratio is 7.42 and price to earnings (TTM) ratio is 51.70.
