Bam stock tsx globe and mail
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BAM Group (Brookfield Asset Management Inc.) is a leading global alternative asset manager with a diverse portfolio of investments in real estate, infrastructure, renewable power, private equity, and credit. Here's a quick summary of BAM's stock performance and recent news from The Globe and Mail:
Stock Performance:
As of March 2023, BAM's stock (TSX: BAM.A) is trading around $63.50 CAD per share. Over the past 12 months, the stock has seen a moderate decline, down around 10% from its 52-week high.
Recent News:
- BAM's Q4 2022 Earnings: In February 2023, BAM reported its Q4 2022 earnings, which beat analyst expectations. The company's net income rose 14% year-over-year to $1.3 billion, driven by strong performance in its real estate and infrastructure segments.
- Infrastructure Investments: BAM has been actively investing in infrastructure projects, including a $1.5-billion deal to acquire a 50% stake in a U.S. toll road operator. The company is also exploring opportunities in the renewable energy sector.
- Real Estate Portfolio: BAM's real estate portfolio has been performing well, with a 12% increase in net asset value (NAV) in Q4 2022. The company is focused on enhancing its portfolio through strategic acquisitions and dispositions.
- ESG Initiatives: BAM has been prioritizing environmental, social, and governance (ESG) initiatives, including reducing its carbon footprint and promoting diversity and inclusion within its operations.
Analyst Estimates:
According to Refinitiv, the average 12-month target price for BAM's stock is around $72.50 CAD per share, implying a potential upside of around 14% from its current price.
Risk Factors:
As with any investment, there are risks associated with BAM's stock. Some of the key risks include:
- Market Volatility: BAM's stock price can be affected by broader market trends and volatility.
- Interest Rate Risks: Changes in interest rates can impact BAM's investment returns and valuation.
- Regulatory Risks: BAM operates in a highly regulated environment, and changes in regulations or laws could impact its business.
I hope this summary provides you with a good overview of BAM's stock performance and recent news from The Globe and Mail!