Shares of Brookfield Business Corp (NYSE:BBUC – Get Free Report) have been given an average rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.83.
A number of equities analysts have recently weighed in on BBUC shares. Weiss Ratings raised Brookfield Business from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Scotiabank set a $40.50 price objective on Brookfield Business in a research report on Friday, July 24th. RBC Dominion Securities decreased their price objective on Brookfield Business from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank Of Canada decreased their price objective on Brookfield Business from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Wall Street Zen cut Brookfield Business from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd.
Get Our Latest Stock Report on Brookfield Business
Brookfield Business Trading Up 2.2%
Shares of Brookfield Business stock opened at $26.79 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.44 and a quick ratio of 1.22. Brookfield Business has a 1 year low of $24.80 and a 1 year high of $38.25. The company has a market capitalization of $5.50 billion, a P/E ratio of -68.68 and a beta of 1.33. The business has a 50 day moving average price of $27.00 and a 200 day moving average price of $30.48.
Brookfield Business (NYSE:BBUC – Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $6.50 billion for the quarter. Brookfield Business had a return on equity of 2.05% and a net margin of 1.13%. Sell-side analysts anticipate that Brookfield Business will post 5.31 EPS for the current fiscal year.
Brookfield Business Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 31st. Brookfield Business’s dividend payout ratio is -64.10%.
Institutional Investors Weigh In On Brookfield Business
A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp acquired a new position in shares of Brookfield Business in the second quarter valued at approximately $29,617,000. TD Waterhouse Canada Inc. purchased a new position in shares of Brookfield Business during the second quarter valued at approximately $23,247,000. The Manufacturers Life Insurance Company acquired a new stake in Brookfield Business during the second quarter worth approximately $2,283,000. Los Angeles Capital Management LLC acquired a new stake in Brookfield Business during the fourth quarter worth approximately $1,655,000. Finally, Hsbc Holdings PLC boosted its position in Brookfield Business by 73.7% during the fourth quarter. Hsbc Holdings PLC now owns 33,914 shares of the company’s stock worth $1,211,000 after acquiring an additional 14,393 shares during the last quarter. 85.04% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Business Company Profile
Brookfield Business Corporation (NYSE: BBUC) is a publicly traded company that provides investors with an alternative way to participate in the operations of Brookfield Business Partners L.P. The corporation’s shares are designed to be economically equivalent to units of Brookfield Business Partners and are supported by the company’s portfolio of operating businesses.
Brookfield Business Partners and its affiliated businesses focus on owning and operating companies in sectors including business services, infrastructure services, healthcare and industrial operations.
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