Brookfield Business (NYSE:BBUC) Raised to “Buy” at Wall Street Zen

Brookfield Business (NYSE:BBUCGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities analysts have also issued reports on BBUC. Royal Bank Of Canada reduced their price target on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Weiss Ratings lowered shares of Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Scotiabank set a $40.50 target price on shares of Brookfield Business in a report on Friday. Canadian Imperial Bank of Commerce set a $41.50 target price on shares of Brookfield Business in a research report on Monday, May 11th. Finally, TD Cowen began coverage on Brookfield Business in a research report on Tuesday, June 9th. They set a “hold” rating and a $34.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.60.

View Our Latest Stock Analysis on Brookfield Business

Brookfield Business Stock Down 0.0%

Shares of BBUC stock opened at $31.10 on Friday. Brookfield Business has a fifty-two week low of $28.29 and a fifty-two week high of $38.25. The firm has a market capitalization of $6.44 billion, a PE ratio of -69.10 and a beta of 1.25. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.19 and a current ratio of 1.43. The stock’s 50-day simple moving average is $31.90 and its 200-day simple moving average is $33.31.

Brookfield Business (NYSE:BBUCGet Free Report) last released its earnings results on Friday, May 8th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.12). The firm had revenue of $6.44 billion for the quarter. Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%. Equities analysts expect that Brookfield Business will post 5.54 earnings per share for the current year.

Hedge Funds Weigh In On Brookfield Business

Large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in Brookfield Business by 6.8% during the third quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock valued at $1,756,000 after buying an additional 3,348 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Brookfield Business in the third quarter worth about $907,000. SG Americas Securities LLC acquired a new position in shares of Brookfield Business in the fourth quarter worth about $178,000. Signaturefd LLC boosted its stake in shares of Brookfield Business by 29.4% during the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock worth $108,000 after acquiring an additional 685 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Brookfield Business during the 4th quarter worth about $431,000. 85.04% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Business Company Profile

(Get Free Report)

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.

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