Canadian stock alert

CANA

CLOSING UPDATE: Brookfield Asset Management decreases gains by 0.2%, led Real estate services sector higher 20 September 2018 18:16 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Brookfield Asset Management, Canada's largest real estate services company by market capitalisation, has lifted 2.1% to trade at CAD56.05 vs. the Real estate services sector which strengthened 42.7 points (or 1.2%) to 3,634.4. Representing a weighting of about 48.9% of the sector, the stock accounted for 85.4% of today's gain. The shares have outperformed 81% of the market in the past six months. Trading volume was 1.1 times average at the end of the day. Compared with the S&P/TSX 60 Index which rose 3.5 points (or 0.4%) in the day, this represented a relative price increase of 1.7%.

Technical indicators complementing today's significant uptrend:

+ The 2.6% discount to 12-month high of CAD57.57 against the 21.3% premium to 12-month low of CAD46.20 suggests the stock continues to push for new highs.

+ In the last three months the stock has hit a new 52-week high thrice.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Return on Equity 9.6% [2.5%]

+ Return on Assets 2.4% [1.0%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 11.2%.

+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 10% of stock by value of Q Ratio.

+ Net profit margin has averaged 16.1% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 9.6% is better than sector average of 2.5%.

Note

Bearish Signals:

The negative 0.05 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price decreased 1.3% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 32.4 [7.7]

Price/Sales of 1 [0.3]

Price to Book of 0.7 [0.2]

Dividend yield of 1.4% [2.4%]

TODAY'S ALERTS

Afternoon Alert: Brookfield Asset Management lifts 2.3%, leads Real estate services sector higher

20 September 2018 14:43 EDT

Brookfield Asset Management Inc. (TSX:BAM.A) has lifted 2.3% to trade at CAD56.16 vs. the Real estate services sector which strengthened 46.9 points (or 1.3%) to 3,638.6. Representing a weighting of about 49.0% of the sector, the stock accounted for 85.1% of today's gain. The shares have outperformed 82% of the market in the past six months. Trading volume was 1.3 times average so far today.

Afternoon Alert: Brookfield Asset Management increases 1.5%, leads Real estate services sector higher

20 September 2018 12:14 EDT

Brookfield Asset Management Inc. (TSX:BAM.A) has increased 1.5% to trade at CAD55.72 vs. the Real estate services sector which strengthened 35.0 points (or 1%) to 3,626.7. Representing a weighting of about 48.7% of the sector, the stock accounted for 73.4% of today's gain. The shares have outperformed 80% of the market in the past six months. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Brookfield Asset Management inches higher, resistance at 12-day EMA

17 September 2018 18:14 EDT

Brookfield Asset Management, Canada's largest real estate services company by market capitalisation, has increased 0.7% but fell short of the 12-day Exponential Moving Average [EMA] of CAD55.59. Compared with the S&P/TSX 60 Index which rose 4.5 points (or 0.5%) in the day, this represented a relative price increase of 0.2%.

Afternoon Alert: Brookfield Asset Management increases 0.4%, leads Real estate services sector higher

17 September 2018 12:13 EDT

Brookfield Asset Management Inc. (TSX:BAM.A) has increased 0.4% to trade at CAD55.38 vs. the Real estate services sector which strengthened 8.7 points (or 0.2%) to 3,625.8. Representing a weighting of about 48.5% of the sector, the stock accounted for 84.2% of today's gain. The shares have outperformed 80% of the market in the past one year. Trading volume was 1.1 times average so far today.

Brookfield Asset Management Inc. (T:BAM.A; TSE:BAM.A; N:BAM.A; CN:BAM.A)

ISIN: CA1125851040

PermID: 4295861073

CIK: Brookfield Asset Management Inc.

Source: www.BuySellSignals.com