BAM stock: buy or sell?
November 19th, 2019
Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors.
Should I buy BAM stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
These 2 buy setups are elegible for Brookfield Asset Management stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Brookfield Asset Management stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 10 ratings published for BAM stock in the last month. The general sentiment of these ratings is bullish for BAM stock, with 10 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-27||Royal Bank of Canada||n/a||Outperform|
|2019-9-27||Royal Bank of Canada||n/a||Outperform|
|2019-8-9||BMO Capital Markets||n/a||Outperform|
|2019-8-12||Royal Bank of Canada||n/a||Outperform|
|2019-4-5||BMO Capital Markets||n/a||Buy|
|2019-2-19||Royal Bank of Canada||n/a||Outperform|
BAM stock analysis
After climbing to all-time highs several times in past weeks, Brookfield Asset Management decreased -0.42% to $57.23.
Brookfield Asset Management decreased -0.42% to $57.23 after marking all time highs on Thursday. On Thursday, BAM hit new all time highs, pushing higher previous ATH of $57.33 recorded on Wednesday. New ATHs are usual entry points for many trading setups as there aren't higher resistences. For the last 41 days when BAM stock price broke up the SMA50d line, it gained $6.19 (12.13%).
After climbing for 4 weeks, this week Brookfield Asset Management stayed constant a lame -0.33%, closing at $57.23. Late September BAM collapsed a godawful -5.08% in just one week.
In a weekly time frame, Brookfield Asset Management stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, BAM might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Brookfield Asset Management marked last week. Since mid January when BAM stock price broke up the SMA40w line, it gained $16.96 (42.12%).
BAM stock price history
BAM stock went public on December 30th, 1983 with a price of $0.111. Since then, BAM stock surged a 51,927.30%, with a yearly average of 1,483.60%. If you had invested $1,000 in BAM stock in 1983, it would worth $519,273.00 today.
1: Adjusted price after possible price splits or reverse-splits.
BAM stock historical price chart
BAM stock reached all-time highs on Thursday with a price of $58.10.
BAM stock price target is $58.10How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 9 price predictions for BAM stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-27||Royal Bank of Canada||Reiterates||$54.00||$57.00||5.6%|
|2019-9-27||Royal Bank of Canada||Raises Target||$54.00||$57.00||5.6%|
|2019-8-9||TD Securities||Raises Target||$63.00||$67.00||6.3%|
|2019-8-9||BMO Capital Markets||Raises Target||$55.00||$59.00||7.3%|
|2019-8-12||Royal Bank of Canada||Raises Target||$50.00||$54.00||8%|
|2019-2-19||Royal Bank of Canada||Raises Target||$47.00||$48.00||2.1%|
|2019-2-15||TD Securities||Raises Target||$57.00||$62.00||8.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on February, Brookfield Asset Management . As soon as we get its posted EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw an amazing gain of 39.19% to $56,771.00 million dollars. In contrast, its profit margin (compared to sales) raised to 6.31%, that is $3,584.00 million.
|2013||$21,460 M||-||$2,180 M10.2%||-|
|2014||$18,364 M||-14.43%||$3,110 M16.9%||42.66%|
|2015||$19,913 M||8.43%||$2,341 M11.8%||-24.73%|
|2016||$24,411 M||22.59%||$1,651 M6.8%||-29.47%|
|2017||$40,786 M||67.08%||$1,462 M3.6%||-11.45%|
|2018||$56,771 M||39.19%||$3,584 M6.3%||145.14%|
Quarterly financial resultsBrookfield Asset Management posted $16,006.00 million in revenues for 2018-Q4, a 7.73% improvement compared to previous quarter. Reported quarter earnings marked $1,884.00 million with a profit margin of 11.77%. Profit margin boosted a 10.67% compared to previous quarter when profit margin was 1.10%. When comparing turnover to same quarter last year, Brookfield Asset Management sales marked an extraordinary gain and climbed a 22.51%. Looking back to recent quarterly results, Brookfield Asset Management posted 3 negative quarters in a row.
|2017-Q1||$7,940 M||-||$-49 M-0.6%||-|
|2017-Q2||$12,700 M||59.95%||$303 M2.4%||-717.81%|
|2017-Q3||$12,276 M||-3.34%||$228 M1.9%||-24.64%|
|2017-Q4||$13,065 M||6.43%||$1,046 M8.0%||358.77%|
|2018-Q1||$12,631 M||-3.32%||$857 M6.8%||-18.07%|
|2018-Q2||$13,276 M||5.11%||$680 M5.1%||-20.65%|
|2018-Q3||$14,858 M||11.92%||$163 M1.1%||-76.03%|
|2018-Q4||$16,006 M||7.73%||$1,884 M11.8%||1,055.83%|
Brookfield Asset Management ownershipWhen you are planning to invest in a company, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Brookfield Asset Management, of all outstanding shares are owned by its staff.
Bearish positions for BAM stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related companies:
|Market cap||$56.9 B||$76.2 B||$8.5 B|
|Total shares||994.7 M||154.6 M||439.4 M|
|Float shares||842.8 M||151.5 M||348.7 M|
|- Institutional holdings (%)||0.0%||83.5%||68.8%|
|- Insider holdings (%)||0.0%||3.8%||0.9%|
|Shares in short selling||0.0%||0.0%||0.0%|
|Tuesday, November 19th, 2019|
|Day range||$56.90 - $57.74|
|Average true range||$0.71|
|50d mov avg||$54.11|
|100d mov avg||$51.99|
|200d mov avg||$49.14|
Brookfield Asset Management performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Brookfield Asset Management, the benchmark is made against BlackRock and Brookfield Property Partners.
|BAMBrookfield Asset ...||13.48%||23.13%||35.36%|
Brookfield Asset Management competitorsCreating a list of competitors for Brookfield Asset Management it's tough. We selected 2 public companies that are related to and can be considered as competitors of Brookfield Asset Management:
Latest BAM stock news
- Seeking AlphaBrookfield Asset Management: Convoluted But AttractiveJuly 17, 2019
- Seeking AlphaBrookfield Asset Management: You Should Let These Brilliant People Manage Your MoneyJune 17, 2019
- Seeking AlphaFinancial Exchange Stock Talk: Samuel Smith On Brookfield Asset ManagementMarch 19, 2019
- Seeking AlphaBrookfield Asset Management's Edge Among Alternative Asset ManagersMarch 15, 2019
- Seeking AlphaBrookfield Asset Management 2018 ValuationFebruary 16, 2019