Is Brookfield Asset Management Stock a Buy Now?
Brookfield Asset Management (NYSE: BAM) is a growth and income story. But there's a wrinkle here because the stock has risen dramatically during the past year, jumping by 45% and easily outpacing the S 500 index (SNPINDEX: ^GSPC). Investors looking at Brookfield Asset Management now have to ask themselves if there's more room to run or if Wall Street has fully priced the opportunity. Here's why you might still want to buy this high-yield stock.
As an asset manager, Brookfield Asset Management takes money from others and, for a fee, invests it on their behalf. Historically the company has focused on infrastructure projects, but it has been branching out a bit more lately. Today it has offerings in the clean energy, infrastructure, real estate, private equity, and credit markets. Each one is a substantial business, supporting a total fee-bearing capital base of roughly $550 billion across all five.
Image source: Getty Images.
Source Fool.com
Brookfield Corp. Stock
Our community is currently high on Brookfield Corp. with 17 Buy predictions and 10 Sell predictions.
As a result the target price of 60 € shows a very positive potential of 57.89% compared to the current price of 38.0 € for Brookfield Corp..
