Canadian stock alert

CANA

CLOSING UPDATE: Brookfield Asset Management increases 1.2%, led market higher 20 October 2017 18:17 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 increased 1.2% to trade at CAD54.15 vs. the S&P/TSX 60 Index which strengthened 2.1 points (or 0.2%) to 937.0. Representing a weighting of about 3.2% of the index, the stock accounted for 17.6% of today's gain. The shares have outperformed 81% of the market in the past month. Trading volume was 51% of average at the end of the day. Compared with the S&P/TSX 60 Index which rose 2.1 points (or 0.2%) in the day, this represented a relative price increase of 1.0%.

Technical indicators complementing today's significant uptrend:

+ The positive 1.11 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high six times, pointing to an uptrend.

+ The price lifted 2.0% in the last week and jumped 8.0% in the last month.

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

Undervaluation:

+ Return on Equity 19.0% [2.6%]

+ Return on Assets 2.1% [1.1%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 11.0%.

+ Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

+ Net profit margin has averaged 21.8% 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 19.0% is better than sector average of 2.6%.

Note

Overbought/Bearish:

The 0.1% discount to 12-month high of CAD54.19 against the 27.2% premium to 12-month low of CAD42.56 suggests the climb might be peaking.

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

Overvaluation:

Dividend yield of 1.3% [2.3%]

TODAY'S ALERT

Afternoon Alert: Brookfield Asset Management increases 0.8%, leads Real estate services sector higher

20 October 2017 14:44 EDT

Brookfield Asset Management Inc. (TSX:BAM.A) has increased 0.8% to trade at CAD53.95 vs. the Real estate services sector which strengthened 13.9 points (or 0.4%) to 3,309.5. Representing a weighting of about 50.7% of the sector, the stock accounted for 99.2% of today's gain. The shares have outperformed 84% of the market in the past week. Trading volume was 1.2 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Brookfield Asset Management decreases 0.1%

19 October 2017 19:21 EDT

Brookfield Asset Management, Canada's largest real estate services company by market capitalisation, traded on volume of 0.4 times average today while the price decreased 3.0c (or 0.1%) to trade at CAD53.51. Compared with the S&P/TSX 60 Index which rose 3.0 points (or 0.3%) in the day, this represented a relative price change of -0.4%.

Afternoon Alert: Brookfield Asset Management decreases 0.3%, leads Real estate services sector lower

19 October 2017 14:44 EDT

Brookfield Asset Management Inc. (TSX:BAM.A) has decreased 0.3% to trade at CAD53.38 vs. the Real estate services sector which weakened 6.9 points (or 0.2%) to 3,291.4. Representing a weighting of about 50.4% of the sector, the stock accounted for 71.7% of today's loss.

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