Brookfield Business Corp (NYSE:BBUC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Brookfield Business Corp (NYSE:BBUC) have earned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $41.3750.

Several equities research analysts have commented on BBUC shares. Canadian Imperial Bank of Commerce set a $41.50 price target on shares of Brookfield Business in a research report on Monday. Royal Bank Of Canada dropped their price target on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday. Scotiabank reiterated an “outperform” rating on shares of Brookfield Business in a research report on Monday. Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Wall Street Zen cut Brookfield Business from a “buy” rating to a “hold” rating in a research note on Saturday.

Hedge Funds Weigh In On Brookfield Business

A number of institutional investors have recently bought and sold shares of BBUC. Hsbc Holdings PLC grew its stake in Brookfield Business by 73.7% during the 4th quarter. Hsbc Holdings PLC now owns 33,914 shares of the company’s stock valued at $1,211,000 after acquiring an additional 14,393 shares in the last quarter. Odyssean LLC purchased a new position in Brookfield Business during the 4th quarter valued at about $469,000. Jump Financial LLC purchased a new position in Brookfield Business during the 4th quarter valued at about $240,000. Susquehanna Advisors Group Inc. purchased a new position in Brookfield Business during the 4th quarter valued at about $298,000. Finally, Squarepoint Ops LLC purchased a new position in Brookfield Business during the 4th quarter valued at about $280,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.

Brookfield Business Stock Up 2.7%

Brookfield Business stock traded up $0.86 during midday trading on Tuesday, hitting $32.67. The company’s stock had a trading volume of 259,563 shares, compared to its average volume of 180,571. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.67 and a quick ratio of 1.39. The business’s 50-day simple moving average is $33.05. Brookfield Business has a 12 month low of $27.64 and a 12 month high of $38.25. The firm has a market capitalization of $6.76 billion, a P/E ratio of -72.59 and a beta of 1.27.

Brookfield Business (NYSE:BBUC) last issued its quarterly earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $1.31 by $997.69. Brookfield Business had a net margin of 1.28% and a return on equity of 2.37%. The firm had revenue of $6.44 billion for the quarter. As a group, equities analysts anticipate that Brookfield Business will post 5.5 EPS for the current year.

Brookfield Business Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. Brookfield Business’s dividend payout ratio (DPR) is currently -55.56%.

About Brookfield Business

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.