National Bankshares Issues Positive Forecast for Brookfield Business Partners (NYSE:BBU) Stock Price

Brookfield Business Partners (NYSE:BBU) had its price target increased by analysts at National Bankshares from $43.00 to $44.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. National Bankshares’ price target suggests a potential upside of 25.43% from the stock’s current price.

BBU has been the subject of a number of other research reports. BMO Capital Markets boosted their target price on Brookfield Business Partners from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday. Desjardins boosted their price objective on Brookfield Business Partners from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada increased their price objective on shares of Brookfield Business Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday. Scotiabank reissued an “outperform” rating on shares of Brookfield Business Partners in a research note on Monday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Business Partners in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.67.

Brookfield Business Partners Price Performance

BBU stock traded down $1.21 during midday trading on Tuesday, reaching $35.08. The company had a trading volume of 24,462 shares, compared to its average volume of 28,809. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.71 and a quick ratio of 1.41. Brookfield Business Partners has a 1-year low of $18.63 and a 1-year high of $37.38. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of -134.85 and a beta of 1.31. The stock has a 50 day moving average price of $35.36 and a 200-day moving average price of $31.71.

Brookfield Business Partners (NYSE:BBU) last announced its earnings results on Friday, January 30th. The business services provider reported ($0.48) EPS for the quarter, missing the consensus estimate of $1.38 by ($1.86). Brookfield Business Partners had a net margin of 1.41% and a return on equity of 2.67%. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $3.46 billion. Equities research analysts expect that Brookfield Business Partners will post 5.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rathbones Group PLC bought a new stake in shares of Brookfield Business Partners in the second quarter worth $265,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Brookfield Business Partners by 1.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,102,273 shares of the business services provider’s stock valued at $28,344,000 after buying an additional 14,981 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Brookfield Business Partners by 636.4% during the second quarter. JPMorgan Chase & Co. now owns 36,027 shares of the business services provider’s stock valued at $934,000 after acquiring an additional 31,135 shares during the period. Legal & General Group Plc acquired a new stake in shares of Brookfield Business Partners during the 2nd quarter worth approximately $3,373,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Brookfield Business Partners in the 2nd quarter valued at $391,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield Business Partners

Brookfield Business Partners L.P. (NYSE: BBU) is a publicly traded partnership sponsored by Brookfield Asset Management. The company focuses on acquiring and operating high-quality businesses across a range of industrial and service-oriented sectors. Through a partnership structure, Brookfield Business Partners seeks to provide investors with returns generated from stable, cash-flowing enterprises that benefit from Brookfield Asset Management’s global scale and operational expertise.

The company’s investment strategy centers on businesses within the industrial services, manufacturing, transportation, and business services segments.