Goldman Sachs Keeps Their Buy Rating on Brookfield Asset Management Ltd. Class A (BAM)

Goldman Sachs analyst Alexander Blostein maintained a Buy rating on Brookfield Asset Management Ltd. Class A today and set a price target of $60.00.

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According to TipRanks, Blostein is a 5-star analyst with an average return of 16.3% and a 68.10% success rate. Blostein covers the Financial sector, focusing on stocks such as Apollo Global Management, Invesco, and Blackstone Group.

In addition to Goldman Sachs, Brookfield Asset Management Ltd. Class A also received a Buy from Scotiabank’s Mario Saric in a report issued on March 25. However, yesterday, Bank of America Securities maintained a Hold rating on Brookfield Asset Management Ltd. Class A (TSX: BAM).

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$1.24 billion and a net profit of C$568.61 million. In comparison, last year the company earned a revenue of C$120 million and had a net profit of C$186 million

Based on the recent corporate insider activity of 31 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.