With 1.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.21 million shares. The 52-week range on BAM shows that it touched its highest point at $62.61 and its lowest point at $37.29 during that stretch. It currently has a 1-year price target of $59.38. With its current market cap of 23.59 billion, BAM has annualized dividend of $1.52 while the current yield stands at 2.70%. Beta for the stock currently stands at 1.48.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BAM was down-trending over the past week, with a drop of -6.78%, but this was down by -7.99% over a month. Three-month performance surged to 1.33% while six-month performance rose 34.80%. The stock gained 36.90% in the past year, while it has gained 3.73% so far this year. A look at the trailing 12-month EPS for BAM yields 1.10 with Next year EPS estimates of 1.97. For the next quarter, that number is 0.40. This implies an EPS growth rate of 15.71% for this year and 17.57% for next year.
Float and Shares Shorts:
At present, 419.63 million BAM shares are outstanding with a float of 128.58 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BAM since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.53125 being high and $1.42746 being low. For BAM, this leads to a yearly average estimate of $1.43737. Based on analyst estimates, the high estimate for the next quarter is $0.43 and the low estimate is $0.39. The average estimate for the next quarter is thus $0.41.
