Brookfield Asset Management Reaches New 52-Week High (BAM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Brookfield Asset Management (NYSE: BAM) hit a new 52-week high Tuesday as it is currently trading at $39.01, above its previous 52-week high of $38.96 with 62,713 shares traded as of 9:45 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Brookfield Asset Management has a market cap of $23.78 billion and is part of the financial sector and real estate industry. Shares are up 5.1% year to date as of the close of trading on Monday.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Brookfield Asset Management Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

P&G's Director Problem Takes Center Stage in Battle With Activist Nelson Peltz

Peltz's Battle Puts Spotlight on P&G's Director Problem

How to Access Asia-Focused Private Property Funds Through Listed Markets

COST, AAPL, UA: Jim Cramer's Views

With Troubled Turkey Leading the World in Home-Price Growth, What's Going On?