Brookfield Asset Management Inc. (USA) (NYSE:BAM) a Buy: Canaccord Genuity

In a research note issued to investors, Mark Rothschild at Canaccord Genuity Reiterated their Buy rating on Brookfield Asset Management Inc. (USA) (NASDAQ:BAM). The analyst placed a $41.00 price target on the stock which indicates a 13.01% upside to the last closing price. In the year following Rothschild’s ratings, the stocks covered yield an average return of 1.8% according to TipRanks.com. In the past year 3 out of 7 recommendations or 43% were successful.

Wall Street analysts have placed a target price of $39.083 for Brookfield Asset Management Inc (NYSE:BAM). This number is based on the mean consensus estimate from the 3 research firms that recently issued reports on the stock.

The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock ranked 1.75 based on 3 broker recommendations. Of the 3 analysts who have issued estimates, the most bullish sees the stock reaching $41.333 within the next 12 months while the most conservative sees the stock at $36.666 within the year.

According to analysts, Brookfield Asset Management Inc (NYSE:BAM) is expected to report earnings per share for the current fiscal quarter of $0.47. This is the consensus mean estimate based on the individual covering sell-side analysts\’ reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $0.55. The reported number was 0.1 away from the consensus estimate, or a surprise factor of 22.39 .

In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.95. The high end estimate for this time frame is $1.97 with the low being $1.91.

Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company operates in five segments: Renewable Power, Property, Infrastructure, Private Equity, and Asset Management and Other Services. It operates and manages: hydroelectric power generating facilities, as well as a range of wind farms; commercial real estate, which includes office and retail properties in addition to investments in real estate, financial lending and office and retail developments; infrastructure, focused on utilities, transport, energy and timber sectors; private equity, which includes restructuring and special situations, as well as residential and agricultural development. In July 2013, Brookfield Asset Management Inc closed sales of Longview Timber and Longview Fibre Paper and Packaging. Effective December 3, 2013, Brookfield Asset Management Inc acquired the remaining 44.817% interest in West Street Capital Corp.