Brookfield Business Corp (NYSE:BBUC) Stock Has Consensus Price Target of $36.17 According to Brokerages

Brookfield Business Corp (NYSE:BBUC) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $36.17.

Several analysts have recently issued reports on the company. National Bank Financial decreased their price target on Brookfield Business from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. RBC Dominion Securities lowered their price objective on Brookfield Business from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Wall Street Zen downgraded Brookfield Business from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded Brookfield Business from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Finally, Royal Bank Of Canada lowered Brookfield Business from a “moderate buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Friday.

Brookfield Business Stock Up 1.7%

BBUC stock opened at $30.15 on Tuesday. The firm has a market cap of $6.19 billion, a PE ratio of -1,507.35 and a beta of 1.32. Brookfield Business has a 1 year low of $24.80 and a 1 year high of $38.25. The company has a fifty day simple moving average of $26.97 and a 200 day simple moving average of $31.11. 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 (NYSE:BBUC) last posted its earnings results on Thursday, November 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $1.25 by ($1.16). Brookfield Business had a return on equity of 2.05% and a net margin of 1.13%. Sell-side analysts anticipate that Brookfield Business will post 5.31 EPS for the current fiscal year.

Brookfield Business Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, November 30th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, November 30th. Brookfield Business’s dividend payout ratio (DPR) is -1,250.00%.

Hedge Funds Weigh In On Brookfield Business

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC bought a new stake in shares of Brookfield Business during the 3rd quarter worth $26,000. Sterling Capital Management LLC acquired a new position in Brookfield Business in the 3rd quarter valued at $45,000. Signaturefd LLC bought a new position in Brookfield Business in the 3rd quarter worth $81,000. Bfsg LLC bought a new position in Brookfield Business in the 3rd quarter worth $248,000. Finally, ProShare Advisors LLC bought a new position in Brookfield Business in the 3rd quarter worth $366,000. Institutional investors own 85.04% of the company’s stock.

About Brookfield Business

Brookfield Business Corporation (NYSE: BBUC) is a publicly traded corporation affiliated with Brookfield Business Partners L.P. Its shares are structured to provide investors with economic exposure to Brookfield Business Partners, a global owner and operator of businesses in the business services, infrastructure services and industrials sectors.

Brookfield Business Partners’ portfolio companies provide a range of products and services, including essential infrastructure and industrial operations, as well as services to businesses and consumers.