Brookfield Business Corp (NYSE:BBUC) Receives $39.20 Consensus Target Price from Brokerages

Brookfield Business Corp (NYSE:BBUC) has earned an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.20.

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Brookfield Business from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Brookfield Business in a research note on Wednesday, August 5th. Scotiabank set a $40.50 price objective on Brookfield Business in a report on Friday, July 24th. Finally, TD Cowen reduced their price objective on Brookfield Business from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th.

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 stake in shares of Brookfield Business during the 4th quarter valued at $1,655,000. The Manufacturers Life Insurance Company bought a new position in Brookfield Business in the 2nd quarter worth $2,283,000. Citadel Advisors LLC purchased a new position in Brookfield Business during the second quarter valued at $1,140,000. TD Waterhouse Canada Inc. purchased a new position in Brookfield Business during the second quarter valued at $23,247,000. Finally, Tidal Investments LLC bought a new stake in Brookfield Business during the second quarter valued at about $529,000. 85.04% of the stock is currently owned by institutional investors.

Brookfield Business Price Performance

Shares of NYSE:BBUC opened at $25.64 on Monday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.22 and a current ratio of 1.44. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of -65.75 and a beta of 1.25. The business has a 50-day simple moving average of $28.90 and a two-hundred day simple moving average of $31.33. Brookfield Business has a fifty-two week low of $25.14 and a fifty-two week high of $38.25.

Brookfield Business (NYSE:BBUC) last announced its quarterly 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 for the quarter. On average, analysts expect that Brookfield Business will post 5.31 earnings per share for the current year.

Brookfield Business Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.0%. Brookfield Business’s dividend payout ratio (DPR) is presently -64.10%.

About Brookfield Business

Brookfield Business Corporation (NYSE: BBUC) is a publicly traded holding company affiliated with Brookfield Asset Management. It owns and operates a diversified portfolio of businesses with a focus on essential services and industries that may benefit from long-term demand and operational improvement.

The company’s principal activities span business services, infrastructure services and industrial operations. Its investments have included healthcare services, residential mortgage insurance, construction and infrastructure-related services, and other industrial and service businesses.