Analysts Set Brookfield Business Corp (NYSE:BBUC) PT at $39.20

Brookfield Business Corp (NYSE:BBUC) has been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $39.20.

BBUC has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Brookfield Business in a research report on Wednesday, August 5th. Royal Bank Of Canada cut their target price on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce set a $41.50 price target on Brookfield Business in a research note on Monday, May 11th. Scotiabank set a $40.50 price objective on Brookfield Business in a report on Friday, July 24th. Finally, TD Cowen cut their price objective on Brookfield Business from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th.

Brookfield Business Trading Down 0.2%

BBUC stock opened at $28.20 on Thursday. 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 twelve month low of $28.00 and a twelve month high of $38.25. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of -72.31 and a beta of 1.26. The firm’s fifty day simple moving average is $30.41 and its two-hundred day simple moving average is $32.33.

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

Brookfield Business Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BBUC. Los Angeles Capital Management LLC bought a new position in Brookfield Business in the 4th quarter worth about $1,655,000. Handelsbanken Fonder AB bought a new position in Brookfield Business in the fourth quarter worth approximately $323,000. Cardinal Point Capital Management ULC increased its holdings in Brookfield Business by 4.6% during the 4th quarter. Cardinal Point Capital Management ULC now owns 119,133 shares of the company’s stock worth $4,263,000 after purchasing an additional 5,255 shares during the period. Strs Ohio bought a new stake in Brookfield Business during the 4th quarter valued at $431,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Brookfield Business in the 2nd quarter worth $23,247,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.

Brookfield Business Company Profile

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.