Brookfield Business Corp (BBUC) – What Are Researchers Thinking About This Stock?

Brookfield Business Corp (NYSE:BBUC) has received an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $36.17.

A number of brokerages have recently commented on BBUC. Scotiabank set a $40.50 target price on shares of Brookfield Business in a report on Friday, July 24th. TD Cowen decreased their price target on shares of Brookfield Business from $32.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Weiss Ratings raised Brookfield Business from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Wall Street Zen lowered shares of Brookfield Business from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, RBC Dominion Securities dropped their price target on shares of Brookfield Business from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th.

Brookfield Business Price Performance

Shares of NYSE BBUC opened at $30.04 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 2.92. Brookfield Business has a twelve month low of $24.80 and a twelve month high of $38.25. The stock has a 50 day moving average of $26.76 and a two-hundred day moving average of $31.25. The stock has a market cap of $6.17 billion, a P/E ratio of -77.03 and a beta of 1.33.

Brookfield Business (NYSE:BBUC) last announced its earnings results on Friday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $6.50 billion for the quarter. Brookfield Business had a net margin of 1.13% and a return on equity of 2.05%. On average, research analysts forecast that Brookfield Business will post 5.31 earnings per share for the current year.

Hedge Funds Weigh In On Brookfield Business

A number of large investors have recently modified their holdings of BBUC. State Street Corp purchased a new position in shares of Brookfield Business during the 2nd quarter worth approximately $29,617,000. TD Waterhouse Canada Inc. acquired a new position in Brookfield Business during the second quarter worth $23,247,000. Cardinal Point Capital Management ULC raised its position in Brookfield Business by 0.6% in the third quarter. Cardinal Point Capital Management ULC now owns 357,043 shares of the company’s stock worth $9,112,000 after acquiring an additional 2,073 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Brookfield Business in the second quarter valued at $2,283,000. Finally, Hsbc Holdings PLC lifted its holdings in Brookfield Business by 73.7% in the fourth quarter. Hsbc Holdings PLC now owns 33,914 shares of the company’s stock valued at $1,211,000 after acquiring an additional 14,393 shares during the period. 85.04% of the stock is owned by hedge funds and other institutional investors.

Brookfield Business Company Profile

Brookfield Business Corporation (NYSE: BBUC) is a publicly traded corporation that provides investors with an interest in the operations of Brookfield Business Partners, a global owner and operator of business services, infrastructure services and industrial companies. BBUC’s shares are designed to provide economic exposure substantially equivalent to units of Brookfield Business Partners L.P., while offering a corporate share structure.

Through its portfolio companies, Brookfield Business Partners is involved in essential and often service-oriented activities, including healthcare services, construction and infrastructure services, industrial operations, energy-related businesses and other business services.