Scotiabank Maintains Buy Rating for Brookfield Asset Management with $66 Price Target

Scotiabank maintains a Buy rating on Brookfield Asset Management Ltd. Class A with a price target of $66.00. The analyst consensus is a Moderate Buy with an average price target of $86.12, a -0.44% downside from current levels. The company has a one-year high of $90.24 and a one-year low of $52.46, with an average volume of 1.58M. Corporate insider sentiment is negative, with an increase in insiders selling their shares over the past quarter.

Title: Analysts Initiate Coverage on Brookfield Asset Management with Mixed Ratings

Brookfield Asset Management (NYSE: BAM) has seen a flurry of analyst activity, with several firms initiating coverage on the company. National Bank Financial has given BAM an "outperform" rating with a price target of $71.00, suggesting a potential upside of 12.91% from its current price [1]. This rating is in line with the broader consensus rating of "Moderate Buy" and an average target price of $61.00 [1].

Scotiabank maintains a "Buy" rating on BAM Class A with a price target of $66.00, while other analysts have issued varying ratings and price targets. TD Securities has increased their price target to $75.00 with a "buy" rating, and Piper Sandler has issued a "neutral" rating with a $60.00 target price [1]. Despite the mixed ratings, the consensus remains largely positive, with a majority of analysts assigning a "buy" or "strong buy" rating to the company's stock [1].

Brookfield Asset Management reported $0.40 earnings per share for its last quarter, meeting analysts' expectations, despite revenue falling short of projections at $1.04 billion [1]. The company's debt-to-equity ratio of 0.07, a current ratio of 1.31, and a quick ratio of 1.31 indicate strong liquidity and solvency [1]. Additionally, Brookfield Asset Management has a market capitalization of $102.96 billion, a PE ratio of 44.60, and a beta of 1.43, indicating a relatively high valuation and moderate risk [1].

Institutional investors and hedge funds have recently increased their positions in BAM, with Rossby Financial LCC, ST Germain D J Co. Inc., NewEdge Advisors LLC, Truvestments Capital LLC, and Kapitalo Investimentos Ltda all purchasing new stakes in the company [1]. This suggests that institutional investors are optimistic about BAM's future prospects.

Brookfield Asset Management is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025 [2]. The Zacks Consensus Estimate for the quarter is $0.39 per share, representing a year-over-year change of +14.7% [2]. Revenues are expected to be $1.28 billion, up 11.1% from the year-ago quarter [2]. The consensus EPS estimate has been revised 0.5% lower over the last 30 days, reflecting analysts' reassessment of their initial estimates [2].

The company's upcoming earnings report, expected to be released on August 6, will provide insights into its near-term performance and could impact its stock price. Investors should keep an eye on the actual results compared to the consensus estimates and management's discussion of business conditions on the earnings call [2].

References:
[1] https://www.marketbeat.com/instant-alerts/brookfield-asset-management-nysebam-coverage-initiated-by-analysts-at-national-bank-financial-2025-07-29/
[2] https://finance.yahoo.com/news/brookfield-asset-management-bam-earnings-140011268.html