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

Shares of Brookfield Business Corp (NYSE:BBUC) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $39.60.

Several brokerages recently commented on BBUC. Weiss Ratings cut Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of Brookfield Business from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen began coverage on shares of Brookfield Business in a research note on Tuesday, June 9th. They issued a “hold” rating and a $34.00 price objective for the company. Royal Bank Of Canada reduced their price objective on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Finally, National Bank Financial decreased their target price on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th.

Brookfield Business Trading Up 0.3%

Brookfield Business stock opened at $31.10 on Friday. The business has a 50 day moving average price of $31.90 and a two-hundred day moving average price of $33.34. The company has a quick ratio of 1.19, a current ratio of 1.43 and a debt-to-equity ratio of 2.78. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of -69.10 and a beta of 1.25. Brookfield Business has a 12 month low of $28.29 and a 12 month high of $38.25.

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

Brookfield Business Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were paid a dividend of $0.0625 per share. 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 (DPR) is currently -55.56%.

Institutional Investors Weigh In On Brookfield Business

Several large investors have recently modified their holdings of the stock. Signaturefd LLC grew its stake in shares of Brookfield Business by 29.4% in the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock valued at $108,000 after purchasing an additional 685 shares during the period. SG Americas Securities LLC bought a new position in shares of Brookfield Business during the 4th quarter worth approximately $178,000. Jump Financial LLC bought a new position in shares of Brookfield Business during the 4th quarter worth approximately $240,000. Franklin Resources Inc. boosted its stake 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 in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Brookfield Business in the fourth quarter valued at $280,000. 85.04% of the stock is currently owned by institutional investors.

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.