BMO Capital Releases a Buy Rating on Brookfield Asset Management Ltd. Class A (BAM)
In a report released yesterday, Etienne Ricard from BMO Capital assigned a Buy rating to Brookfield Asset Management Ltd. Class A, with a price target of $58.00.
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According to TipRanks, Ricard is a 5-star analyst with an average return of 26.3% and a 62.91% success rate. Ricard covers the Financial sector, focusing on stocks such as Sprott, Fiera Capital A, and TMX Group.
In addition to BMO Capital, Brookfield Asset Management Ltd. Class A also received a Buy from HSBC’s Vikram Gandhi in a report issued on July 20. However, on July 21, Morgan Stanley assigned a Hold rating to Brookfield Asset Management Ltd. Class A (TSX: BAM).
Based on Brookfield Asset Management Ltd. Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.34 billion and a net profit of C$617 million. In comparison, last year the company earned a revenue of C$1.08 billion and had a net profit of C$581 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BAM in relation to earlier this year.
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