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

Brookfield Business Corp (NYSE:BBUC) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.3750.

Several equities research analysts have recently issued reports on the company. National Bank Financial reduced their price target on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday. Zacks Research upgraded Brookfield Business from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings lowered Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Canadian Imperial Bank of Commerce set a $41.50 price target on Brookfield Business in a report on Monday. Finally, Wall Street Zen lowered Brookfield Business from a “buy” rating to a “hold” rating in a report on Saturday.

Institutional Investors Weigh In On Brookfield Business

Several institutional investors have recently made changes to their positions in BBUC. Franklin Resources Inc. lifted its holdings 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. Signaturefd LLC lifted its holdings 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. Price T Rowe Associates Inc. MD lifted its holdings in Brookfield Business by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,587 shares of the company’s stock worth $488,000 after purchasing an additional 993 shares during the last quarter. Mariner LLC lifted its holdings in Brookfield Business by 14.3% in the 4th quarter. Mariner LLC now owns 12,099 shares of the company’s stock worth $434,000 after purchasing an additional 1,515 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Brookfield Business by 6.8% in the 3rd quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock worth $1,756,000 after purchasing an additional 3,348 shares during the last quarter. 85.04% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Business Trading Up 2.7%

NYSE:BBUC traded up $0.86 on Tuesday, hitting $32.67. 259,563 shares of the company’s stock traded hands, compared to its average volume of 180,571. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.39 and a current ratio of 1.67. Brookfield Business has a 1 year low of $27.64 and a 1 year high of $38.25. The firm’s 50-day simple moving average is $33.05. The firm has a market capitalization of $6.76 billion, a P/E ratio of -72.59 and a beta of 1.27.

Brookfield Business (NYSE:BBUC) last released its earnings results on Friday, May 8th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of $1.31 by $997.69. Brookfield Business had a return on equity of 2.37% and a net margin of 1.28%.The company had revenue of $6.44 billion for the quarter. On average, research analysts forecast that Brookfield Business will post 5.5 EPS for the current fiscal year.

Brookfield Business Announces Dividend

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

About Brookfield Business

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.