RBC Capital Keeps Their Buy Rating on Brookfield Asset Management Ltd. Class A (BAM)
RBC Capital analyst Bart Dziarski reiterated a Buy rating on Brookfield Asset Management Ltd. Class A today and set a price target of $65.00.
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According to TipRanks, Dziarski is a 3-star analyst with an average return of 3.6% and a 60.50% success rate. Dziarski covers the Financial sector, focusing on stocks such as Carlyle Group, TMX Group, and IGM Financial.
In addition to RBC Capital, Brookfield Asset Management Ltd. Class A also received a Buy from TD Cowen’s Cherilyn Radbourne in a report issued on July 27. 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.
Read More on TSE:BAM:
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