Brookfield Asset Management Ltd. Class A (BAM) Receives a Buy from RBC Capital
RBC Capital analyst Robert Kwan maintained a Buy rating on Brookfield Asset Management Ltd. Class A (BAM – Research Report) on April 24 and set a price target of $68.00. The company's shares closed yesterday at C$73.45.
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According to TipRanks, Kwan is a 5-star analyst with an average return of 10.8% and a 66.33% success rate.
In addition to RBC Capital, Brookfield Asset Management Ltd. Class A also received a Buy from HSBC's Vikram Gandhi in a report issued on April 15. However, on April 14, Morgan Stanley maintained a Hold rating on Brookfield Asset Management Ltd. Class A (TSX: BAM).
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Based on Brookfield Asset Management Ltd. Class A's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$120 million and a net profit of C$186 million. In comparison, last year the company earned a revenue of C$160 million and had a net profit of C$93 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAM in relation to earlier this year.
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