Brookfield Business (NYSE:BBUC) Earns Hold Rating from Analysts at TD Cowen

Equities research analysts at TD Cowen began coverage on shares of Brookfield Business (NYSE:BBUCGet Free Report) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

A number of other research analysts also recently weighed in on the stock. Zacks Research raised shares of Brookfield Business from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Scotiabank reissued an “outperform” rating on shares of Brookfield Business in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price objective on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. National Bank Financial lowered their target price on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce set a $41.50 target price on Brookfield Business in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.38.

Check Out Our Latest Stock Report on Brookfield Business

Brookfield Business Stock Down 3.5%

Shares of BBUC stock opened at $31.74 on Tuesday. Brookfield Business has a 12-month low of $27.76 and a 12-month high of $38.25. The company has a quick ratio of 1.19, a current ratio of 1.43 and a debt-to-equity ratio of 2.78. The firm has a fifty day moving average of $33.34 and a 200-day moving average of $34.30. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of -70.53 and a beta of 1.24.

Brookfield Business (NYSE:BBUCGet Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $997.69. The company had revenue of $6.44 billion for the quarter. Brookfield Business had a net margin of 1.28% and a return on equity of 2.33%. As a group, equities research analysts predict that Brookfield Business will post 5.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Brookfield Business by 6.8% in the 3rd quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock valued at $1,756,000 after purchasing an additional 3,348 shares during the period. Qube Research & Technologies Ltd acquired a new position in Brookfield Business during the third quarter worth approximately $907,000. SG Americas Securities LLC bought a new stake in Brookfield Business in the fourth quarter valued at approximately $178,000. Signaturefd LLC raised its stake in Brookfield Business by 29.4% in the fourth quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock valued at $108,000 after buying an additional 685 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Brookfield Business in the fourth quarter valued at approximately $431,000. Institutional investors own 85.04% of the company’s stock.

About Brookfield Business

(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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Analyst Recommendations for Brookfield Business (NYSE:BBUC)

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