Brookfield Asset Management Ltd. (NYSE:BAM) currently has a daily average trading volume of 1.65M but it saw 1509686 shares traded on Wednesday. With a market cap of 12.65B USD, stock’s current market price of $30.67 came falling about -3.04 while comparing to the previous closing price of $31.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $36.50 and as low as $26.76. In the recent trading on the day, stock has struck highest price mark of $31.43 while lowest mark touched by it was $30.59.
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Taking a look at 20-day trading activity of Brookfield Asset Management Ltd. (BAM) gives us an average price of $32.09, while its current price level is -15.97% below from 52-week high level whereas it is 14.61% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $32.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.14% during that period while stretching the period over a month that increases to 2.63%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.88 which implies that the stock is in neutral territory.
Brookfield Asset Management Ltd. (BAM)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $21.00 and $48.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $21.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $48.00. Average price target assigned by them is $37.00 which highlights an upside potential of 17.11% for the stock over that period. And to attain the median price target of $38.50 assigned by those analysts, stock has to add about 20.34% of value to its current levels.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 5 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, BAM’s stock price is moving -2.97% down while it is -5.63% when we observe its performance for the past one month. Year-to-date it is 6.98% up and over the past year.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.34 beat the consensus estimate of $0.32 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of $0.33 while estimate for next year EPS is $1.36. For BAM, analysts are forecasting an EPS-growth rate of 6.20% for current year and estimate for EPS growth in next year is 16.90%. In next quarter, company is expected to be making quarterly sales of $1.15 billion as analysts are expecting the sales for current fiscal year at $4.51 billion and seeing the company making $5.39 billion in sales next year. Moreover, analysts are in estimates of $1.11 billion for current-quarter revenue.
Currently, Brookfield Asset Management Ltd.’s total number of outstanding shares is 412.43M with 7.87% of that held by the insiders while 73.57% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 17.10% and return on equity (ROE) at 24.80%. It has a price to earnings ratio (P/E ratio) of 6.09 while having a 19.46 of forward P/E ratio. Stock has a price to book (P/B) ratio of 1.33 while price to sale or P/S ratio amounts to 3.22. Its return on asset (ROA) is 9.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds Income Fund of Ame came shrinking its share ownership by 26,091.12% in the Brookfield Asset Management Ltd. (BAM) increasing its stake to 3.30% with control over 13.54 million shares in the company. In the most recent quarter, American Funds New Perspective Fu came rising its stake by 238.51% in the company and now holds 5.75 million or 1.40% of the company’s stake having worth of about 192.96 million.
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