Brookfield Business (NYSE:BBUC) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Brookfield Business (NYSE:BBUCFree Report) from a buy rating to a hold rating in a research report report published on Sunday morning.

Several other equities analysts have also recently issued reports on the company. Scotiabank set a $40.50 price objective on Brookfield Business in a report on Friday, July 24th. Royal Bank Of Canada lowered 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, May 11th. National Bank Financial dropped their price objective on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings lowered Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Finally, TD Cowen began coverage on Brookfield Business in a report on Tuesday, June 9th. They set a “hold” rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.60.

Check Out Our Latest Stock Report on BBUC

Brookfield Business Trading Down 0.0%

Shares of Brookfield Business stock opened at $29.62 on Friday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.19 and a current ratio of 1.43. The company has a market capitalization of $6.13 billion, a P/E ratio of -75.95 and a beta of 1.26. Brookfield Business has a 1 year low of $28.14 and a 1 year high of $38.25. The company’s fifty day moving average is $31.70 and its two-hundred day moving average is $33.17.

Brookfield Business (NYSE:BBUCGet Free Report) last announced its earnings results on Friday, July 31st. The company reported $0.18 earnings per share for the quarter. Brookfield Business had a net margin of 1.13% and a return on equity of 2.04%. The business had revenue of $6.50 billion during the quarter. Analysts forecast that Brookfield Business will post 5.54 earnings per share for the current year.

Brookfield Business Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given 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 0.8%. Brookfield Business’s dividend payout ratio (DPR) is -55.56%.

Institutional Trading of Brookfield Business

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in shares of Brookfield Business by 73.7% during the 4th quarter. Hsbc Holdings PLC now owns 33,914 shares of the company’s stock worth $1,211,000 after purchasing an additional 14,393 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Business by 68.4% during the fourth quarter. Mackenzie Financial Corp now owns 25,942 shares of the company’s stock worth $931,000 after purchasing an additional 10,536 shares during the last quarter. Odyssean LLC purchased a new stake in shares of Brookfield Business in the fourth quarter valued at $469,000. Millennium Management LLC increased its stake in Brookfield Business by 335.6% in the fourth 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 last quarter. Finally, AQR Capital Management LLC increased its stake in Brookfield Business by 38.5% in the fourth quarter. AQR Capital Management LLC now owns 23,174 shares of the company’s stock valued at $831,000 after purchasing an additional 6,439 shares during the last quarter. 85.04% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Brookfield Business

Here are the key news stories impacting Brookfield Business this week:

Brookfield Business Company Profile

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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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