Brookfield Business Corp (NYSE:BBUC) Given Average Recommendation of “Hold” by Brokerages

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

Several research analysts recently issued reports on BBUC shares. Royal Bank Of Canada lowered their target price on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. TD Cowen assumed coverage on Brookfield Business in a report on Tuesday, June 9th. They set a “hold” rating and a $34.00 price target for the company. Wall Street Zen downgraded Brookfield Business from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Scotiabank reiterated an “outperform” rating on shares of Brookfield Business in a report on Monday, May 11th.

Brookfield Business Stock Up 1.9%

Shares of NYSE:BBUC opened at $29.87 on Wednesday. The firm has a market cap of $6.18 billion, a P/E ratio of -66.37 and a beta of 1.24. The company has a quick ratio of 1.19, a current ratio of 1.43 and a debt-to-equity ratio of 2.78. Brookfield Business has a 12-month low of $28.29 and a 12-month high of $38.25. The business has a fifty day simple moving average of $32.85 and a 200 day simple moving average of $34.00.

Brookfield Business (NYSE:BBUC) last announced its earnings results on Friday, May 8th. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $997.69. The business had revenue of $6.44 billion during the quarter. Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%. Analysts predict that Brookfield Business will post 5.54 earnings per share for the current year.

Brookfield Business Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 29th. Brookfield Business’s dividend payout ratio (DPR) is presently -55.56%.

Institutional Trading of Brookfield Business

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in Brookfield Business by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 297,267 shares of the company’s stock worth $10,661,000 after acquiring an additional 6,816 shares during the period. Millennium Management LLC boosted its stake in Brookfield Business by 335.6% during the fourth quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock worth $10,597,000 after acquiring an additional 227,555 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Brookfield Business by 12.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 159,459 shares of the company’s stock worth $5,712,000 after acquiring an additional 18,181 shares in the last quarter. Cardinal Point Capital Management ULC boosted its stake in Brookfield Business by 4.6% during the fourth quarter. Cardinal Point Capital Management ULC now owns 119,133 shares of the company’s stock worth $4,263,000 after acquiring an additional 5,255 shares in the last quarter. Finally, HRT Financial LP boosted its position in shares of Brookfield Business by 384.1% during the 4th quarter. HRT Financial LP now owns 74,225 shares of the company’s stock worth $2,663,000 after purchasing an additional 58,891 shares in the last quarter. 85.04% of the stock is currently owned by institutional investors and hedge funds.

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.