Brookfield Business Partners L.P. Limited Partnership Units (BBU) Sets New 52-Week High and Low at $41.42

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) shares hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $41.42 and last traded at $40.22, with a volume of 10075 shares trading hands. The stock had previously closed at $40.78.

Several analysts recently issued reports on the company. Scotiabank raised their target price on Brookfield Business Partners L.P. Limited Partnership Units from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 23rd. Credit Suisse Group lifted their target price on shares of Brookfield Business Partners L.P. Limited Partnership Units to $42.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Citigroup started coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units in a report on Wednesday, December 20th. They set a “buy” rating and a $39.00 target price for the company. Finally, Royal Bank of Canada started coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units in a report on Thursday, January 18th. They issued a “sector perform” rating and a $41.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, Brookfield Business Partners L.P. Limited Partnership Units has an average rating of “Buy” and a consensus target price of $41.40.

How to Become a New Pot Stock Millionaire

The firm has a market capitalization of $2,699.06, a price-to-earnings ratio of 145.64 and a beta of 1.71. The company has a current ratio of 1.13, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported ($0.35) earnings per share for the quarter. Brookfield Business Partners L.P. Limited Partnership Units had a return on equity of 5.30% and a net margin of 0.94%. The firm had revenue of $8.38 billion during the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in BBU. Acadian Asset Management LLC lifted its stake in Brookfield Business Partners L.P. Limited Partnership Units by 181.8% in the 4th quarter. Acadian Asset Management LLC now owns 550,284 shares of the business services provider’s stock worth $19,010,000 after purchasing an additional 355,026 shares in the last quarter. Toronto Dominion Bank raised its stake in Brookfield Business Partners L.P. Limited Partnership Units by 0.8% during the fourth quarter. Toronto Dominion Bank now owns 227,594 shares of the business services provider’s stock worth $7,849,000 after purchasing an additional 1,786 shares during the period. Mackenzie Financial Corp raised its stake in Brookfield Business Partners L.P. Limited Partnership Units by 7.9% during the third quarter. Mackenzie Financial Corp now owns 60,280 shares of the business services provider’s stock worth $1,787,000 after purchasing an additional 4,400 shares during the period. CIBC Asset Management Inc raised its stake in Brookfield Business Partners L.P. Limited Partnership Units by 29.3% during the fourth quarter. CIBC Asset Management Inc now owns 2,761,472 shares of the business services provider’s stock worth $95,501,000 after purchasing an additional 625,736 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Brookfield Business Partners L.P. Limited Partnership Units by 21.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,222,844 shares of the business services provider’s stock worth $42,213,000 after purchasing an additional 213,570 shares during the period. Institutional investors own 65.97% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3339723/brookfield-business-partners-l-p-limited-partnership-units-bbu-sets-new-52-week-high-and-low-at-41-42.html.

Brookfield Business Partners L.P. Limited Partnership Units Company Profile

Receive News & Ratings for Brookfield Business Partners L.P. Limited Partnership Units Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Business Partners L.P. Limited Partnership Units and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Decentraland Trading Up 46% Over Last 7 Days
Decentraland Trading Up 46% Over Last 7 Days
Analyzing Convergys  & Its Peers
Analyzing Convergys & Its Peers
UGI  vs. Sempra Energy  Head-To-Head Analysis
UGI vs. Sempra Energy Head-To-Head Analysis
Contrasting Masco  & Masonite International
Contrasting Masco & Masonite International
CenturyLink  Expected to Announce Quarterly Sales of $5.96 Billion
CenturyLink Expected to Announce Quarterly Sales of $5.96 Billion
Investment Analysts’ Weekly Ratings Updates for Amdocs
Investment Analysts’ Weekly Ratings Updates for Amdocs


© 2006-2018 Ticker Report. Google+.