Brookfield Business Corp (BBUC) – What Are Investment Firms Thinking About This Stock?

Shares of Brookfield Business Corp (NYSE:BBUC) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $38.60.

Several equities research analysts have commented on BBUC shares. Scotiabank set a $40.50 price target on Brookfield Business in a research note on Friday, July 24th. Weiss Ratings raised Brookfield Business from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. Wall Street Zen lowered Brookfield Business from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, TD Cowen decreased their target price on Brookfield Business from $32.00 to $29.00 and set a “hold” rating for the company in a report on Monday.

Institutional Investors Weigh In On Brookfield Business

Several institutional investors have recently bought and sold shares of BBUC. Citadel Advisors LLC purchased a new position in shares of Brookfield Business in the 2nd quarter valued at $1,140,000. The Manufacturers Life Insurance Company acquired a new position in shares of Brookfield Business during the 2nd quarter valued at $2,283,000. Los Angeles Capital Management LLC acquired a new position in shares of Brookfield Business during the 4th quarter valued at $1,655,000. TD Waterhouse Canada Inc. acquired a new position in shares of Brookfield Business during the 2nd quarter valued at $23,247,000. Finally, State Street Corp purchased a new stake in Brookfield Business during the 2nd quarter worth $29,617,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Business Trading Down 0.8%

Shares of BBUC opened at $26.69 on Friday. Brookfield Business has a fifty-two week low of $24.80 and a fifty-two week high of $38.25. The company’s fifty day moving average is $27.15 and its two-hundred day moving average is $30.57. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 2.92.

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

Brookfield Business Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, August 31st were issued a $0.0625 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.25 annualized dividend and a yield of 0.9%. Brookfield Business’s dividend payout ratio (DPR) is presently -64.10%.

About Brookfield Business

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.