Brookfield Business Corp (NYSE:BBUC) Receives Average Recommendation of “Hold” from Analysts

Brookfield Business Corp (NYSE:BBUC) has been assigned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $39.20.

BBUC has been the topic of several analyst reports. TD Cowen dropped their target price on shares of Brookfield Business from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Scotiabank set a $40.50 target price on Brookfield Business in a report on Friday, July 24th. Wall Street Zen cut Brookfield Business from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Brookfield Business in a research note on Wednesday, August 5th.

Brookfield Business Trading Down 0.2%

Shares of NYSE BBUC opened at $25.64 on Monday. The business has a fifty day simple moving average of $28.90 and a 200-day simple moving average of $31.30. The company has a market cap of $5.31 billion, a price-to-earnings ratio of -65.75 and a beta of 1.25. Brookfield Business has a 12 month low of $25.14 and a 12 month high of $38.25. 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 (NYSE:BBUC) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter. Brookfield Business had a return on equity of 2.05% and a net margin of 1.13%.The firm had revenue of $6.50 billion for the quarter. Sell-side analysts predict that Brookfield Business will post 5.31 EPS for the current year.

Brookfield Business Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Business’s dividend payout ratio is -64.10%.

Institutional Investors Weigh In On Brookfield Business

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBUC. TD Waterhouse Canada Inc. acquired a new position in shares of Brookfield Business in the second quarter worth $23,247,000. The Manufacturers Life Insurance Company acquired a new position in Brookfield Business in the 2nd quarter worth about $2,283,000. Los Angeles Capital Management LLC purchased a new stake in shares of Brookfield Business during the 4th quarter worth about $1,655,000. Citadel Advisors LLC acquired a new stake in shares of Brookfield Business during the 2nd quarter valued at about $1,140,000. Finally, Tidal Investments LLC acquired a new stake in shares of Brookfield Business during the 2nd quarter valued at about $529,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.

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.