Brokerages Set Brookfield Business Corp (NYSE:BBUC) Price Target at $39.90

Shares of Brookfield Business Corp (NYSE:BBUC) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $39.90.

Several research firms have weighed in on BBUC. Wall Street Zen cut shares of Brookfield Business from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Zacks Research upgraded Brookfield Business from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings lowered Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. TD Cowen began coverage on Brookfield Business in a research note on Tuesday, June 9th. They issued a “hold” rating and a $34.00 price objective for the company. Finally, 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 note on Tuesday, May 12th.

Hedge Funds Weigh In On Brookfield Business

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in shares of Brookfield Business by 29.4% in the fourth quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock worth $108,000 after buying an additional 685 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Brookfield Business during the 4th quarter worth about $178,000. Jump Financial LLC bought a new stake in Brookfield Business during the 4th quarter valued at approximately $240,000. Franklin Resources Inc. grew its holdings in Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock valued at $262,000 after buying an additional 482 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Brookfield Business in the 4th quarter valued at approximately $280,000. 85.04% of the stock is currently owned by institutional investors.

Brookfield Business Price Performance

Shares of NYSE:BBUC opened at $30.20 on Wednesday. The company has a market capitalization of $6.25 billion, a PE ratio of -67.12 and a beta of 1.25. 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 stock has a fifty day moving average of $32.54 and a 200-day moving average of $33.82. Brookfield Business has a one year low of $28.29 and a one year high of $38.25.

Brookfield Business (NYSE:BBUC) last announced its earnings results on Friday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.12). Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%.The company had revenue of $6.44 billion for the quarter. As a group, equities analysts anticipate that Brookfield Business will post 5.54 EPS for the current fiscal year.

Brookfield Business Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were issued a $0.0625 dividend. The ex-dividend date was 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 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.