Brookfield Business Corp (NYSE:BBUC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Brookfield Business Corp (NYSE:BBUC) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $39.20.

Several research analysts have commented on the company. Canadian Imperial Bank of Commerce set a $41.50 price target on Brookfield Business in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Brookfield Business in a research report on Wednesday, August 5th. TD Cowen lowered their price objective on shares of Brookfield Business from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Wall Street Zen lowered shares of Brookfield Business from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Scotiabank set a $40.50 price target on shares of Brookfield Business in a report on Friday, July 24th.

Brookfield Business Stock Performance

Shares of BBUC opened at $28.91 on Thursday. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of -74.12 and a beta of 1.26. The company’s fifty day moving average is $30.80 and its 200-day moving average is $32.60. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 2.92. Brookfield Business has a 12 month low of $28.14 and a 12 month high of $38.25.

Brookfield Business (NYSE:BBUC) last posted its earnings results on Friday, July 31st. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $6.50 billion during the quarter. Brookfield Business had a return on equity of 2.05% and a net margin of 1.13%. Equities analysts expect that Brookfield Business will post 5.31 EPS for the current fiscal year.

Brookfield Business Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.0625 per share. The ex-dividend date is Monday, August 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.9%. Brookfield Business’s payout ratio is currently -64.10%.

Institutional Trading of Brookfield Business

Several institutional investors have recently made changes to their positions in BBUC. Geode Capital Management LLC increased its stake in Brookfield Business by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 297,267 shares of the company’s stock valued at $10,661,000 after acquiring an additional 6,816 shares during the period. Millennium Management LLC grew its stake in shares of Brookfield Business by 335.6% in the 4th quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock valued at $10,597,000 after purchasing an additional 227,555 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Brookfield Business by 12.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,459 shares of the company’s stock valued at $5,712,000 after purchasing an additional 18,181 shares during the period. Cardinal Point Capital Management ULC raised its holdings in shares of Brookfield Business by 4.6% in the 4th quarter. Cardinal Point Capital Management ULC now owns 119,133 shares of the company’s stock worth $4,263,000 after buying an additional 5,255 shares in the last quarter. Finally, HRT Financial LP raised its holdings in shares of Brookfield Business by 384.1% in the 4th quarter. HRT Financial LP now owns 74,225 shares of the company’s stock worth $2,663,000 after buying an additional 58,891 shares in the last quarter. 85.04% of the stock is currently owned by institutional investors and hedge funds.

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.