BAM stock: buy or sell?
August 23rd, 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?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
These 2 buy setups work for Brookfield Asset Management stock 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 posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 7 ratings published for BAM stock in the last month. The general sentiment of these ratings is bullish for BAM stock, with 7 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|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 reaching all time highs yesterday, Brookfield Asset Management dropped -2.28% today to $50.59.
Brookfield Asset Management dropped -2.28% today to $50.59 after marking all time highs yesterday. From a daily perspective, BAM is in a short term uptrend after plotting its last bottom ($49.70, on August/15) higher than the previous bottom, and its last top ($52.09, yesterday) also over the previous top. Now trading in between its last bottom and last top BAM might consolidate in a plain range, waiting to break out over $52.09 or down under $49.70. Yesterday, BAM hit a new all time high, pushing higher than on August 21st tops. Check different trading setups that use ATHs as triggers. On August 6th BAM price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Brookfield Asset Management peaked new all time highs back again this week, marking to $52.09. Shares closed at $50.59 and depreciated -1.00% during the week.
Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $49.40 resistance. Since mid January when BAM stock price broke up the SMA40w line, it gained $10.20 (25.25%).
BAM stock price history
BAM IPO was on December 30th, 1983 at $0.11 per share1. Since then, BAM stock surged a 45,890.90%, with a yearly average of 1,311.20%. If you had invested right after BAM's IPO a $1,000 in BAM stock in 1983, it would worth $458,909.00 today.
1: Adjusted price after possible price splits or reverse-splits.
BAM stock historical price chart
BAM stock reached all-time highs yesterday with a price of $52.09.
BAM stock price target is $57.70Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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 have 6 price predictions for BAM stock published in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|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 posting its last earnings report on February, Brookfield Asset Management . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an outstanding gain of 39.19% to $56,771.00 million USD. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) appreciated a 2.73% to 6.31%.
|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% up compared to previous quarter. Reported quarter income 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 sales to same quarter last year, Brookfield Asset Management sales marked an astounding gain and climbed a 22.51%. Looking back to recent quarterly results, Brookfield Asset Management posted 3 positive 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 buy shares of a company, it's always 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||$48.5 B||$62.9 B||$8.0 B|
|Total shares||959.3 M||154.5 M||427.9 M|
|Float shares||831.8 M||118.4 M||345.6 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%|
|Friday, August 23rd, 2019|
|Day range||$50.46 - $51.81|
|Average true range||$0.94|
|50d mov avg||$49.06|
|100d mov avg||$48.13|
|200d mov avg||$45.42|
Brookfield Asset Management performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Brookfield Asset Management against BlackRock and Brookfield Property Partners in the following table:
|BAMBrookfield Asset ...||8.49%||14.61%||18.73%|
Brookfield Asset Management competitorsDefining a list of competitors for Brookfield Asset Management it's difficult. 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