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

Shares of Brookfield Business Corp (NYSE:BBUC) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.90.

Several research analysts have recently commented on BBUC shares. Scotiabank reissued an “outperform” rating on shares of Brookfield Business in a report on Monday, May 11th. Weiss Ratings downgraded Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 8th. Canadian Imperial Bank of Commerce set a $41.50 target price on Brookfield Business in a report on Monday, May 11th. Wall Street Zen raised Brookfield Business from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada reduced their target price on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, May 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC raised its position in Brookfield Business by 29.4% in the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock worth $108,000 after purchasing an additional 685 shares during the last quarter. SG Americas Securities LLC bought a new position in Brookfield Business in the 4th quarter worth approximately $178,000. Jump Financial LLC bought a new position in Brookfield Business in the 4th quarter worth approximately $240,000. Franklin Resources Inc. raised its position in Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after purchasing an additional 482 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Brookfield Business in the 4th quarter worth approximately $280,000. 85.04% of the stock is owned by institutional investors and hedge funds.

Brookfield Business Stock Up 2.5%

NYSE BBUC opened at $32.31 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 2.78. The stock’s 50 day moving average is $33.33 and its two-hundred day moving average is $34.28. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of -71.80 and a beta of 1.24. Brookfield Business has a 1-year low of $27.76 and a 1-year high of $38.25.

Brookfield Business (NYSE:BBUC) last announced its earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $1.31 by $997.69. The business 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%. Equities analysts forecast that Brookfield Business will post 5.54 earnings per share for the current fiscal year.

Brookfield Business Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Business’s payout ratio is presently -55.56%.

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.