Brookfield Business Partners L.P. (NYSE:BBU) Receives $31.40 Consensus Target Price from Brokerages

Brookfield Business Partners L.P. (NYSE:BBU) has been assigned an average rating of “Buy” from the six research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.40.

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $32.00 target price on shares of Brookfield Business Partners in a research note on Monday, August 5th.

Brookfield Business Partners Price Performance

Shares of Brookfield Business Partners stock opened at $21.68 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.00 and a quick ratio of 0.74. Brookfield Business Partners has a one year low of $12.22 and a one year high of $24.96. The business’s 50 day simple moving average is $21.99 and its two-hundred day simple moving average is $20.21. The stock has a market capitalization of $1.61 billion, a P/E ratio of 3.40 and a beta of 1.45.

Brookfield Business Partners (NYSE:BBU) last posted its quarterly earnings results on Friday, August 2nd. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.95). The firm had revenue of $11.95 billion for the quarter. Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. During the same period in the prior year, the company earned $0.85 EPS. Analysts forecast that Brookfield Business Partners will post 4.52 EPS for the current year.

Brookfield Business Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Business Partners’s dividend payout ratio is currently 3.92%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BBU. Bank of Montreal Can grew its stake in Brookfield Business Partners by 3.1% in the second quarter. Bank of Montreal Can now owns 767,726 shares of the business services provider’s stock worth $15,036,000 after purchasing an additional 22,886 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Brookfield Business Partners by 12.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 681,562 shares of the business services provider’s stock valued at $12,910,000 after purchasing an additional 77,017 shares in the last quarter. K2 Principal Fund L.P. lifted its holdings in shares of Brookfield Business Partners by 58.3% during the first quarter. K2 Principal Fund L.P. now owns 156,353 shares of the business services provider’s stock valued at $3,455,000 after purchasing an additional 57,553 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Brookfield Business Partners by 2.0% during the second quarter. Principal Financial Group Inc. now owns 90,242 shares of the business services provider’s stock valued at $1,701,000 after purchasing an additional 1,808 shares during the last quarter. Finally, AYAL Capital Advisors Ltd boosted its position in shares of Brookfield Business Partners by 97.4% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider’s stock worth $848,000 after purchasing an additional 22,200 shares in the last quarter. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.