Brookfield Business (NYSE:BBUC) Price Target Lowered to $42.00 at National Bank Financial

Brookfield Business (NYSE:BBUC) had its price objective decreased by research analysts at National Bank Financial from $44.00 to $42.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 28.24% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Canadian Imperial Bank of Commerce set a $41.50 price objective on Brookfield Business in a research note on Monday. Weiss Ratings lowered Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. Royal Bank Of Canada reduced their price objective on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Scotiabank reissued an “outperform” rating on shares of Brookfield Business in a research note on Monday. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Brookfield Business has a consensus rating of “Hold” and a consensus target price of $41.38.

Brookfield Business Price Performance

BBUC traded up $0.94 on Tuesday, reaching $32.75. The company’s stock had a trading volume of 169,017 shares, compared to its average volume of 179,818. The firm has a market cap of $6.78 billion, a PE ratio of -72.50 and a beta of 1.27. Brookfield Business has a 1 year low of $27.64 and a 1 year high of $38.25. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.39 and a current ratio of 1.67. The firm has a 50 day moving average of $33.05.

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

Institutional Trading of Brookfield Business

Large investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of Brookfield Business by 29.4% in the fourth quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock worth $108,000 after acquiring an additional 685 shares during the period. SG Americas Securities LLC bought a new stake in Brookfield Business during the fourth quarter valued at approximately $178,000. Jump Financial LLC bought a new stake in Brookfield Business during the fourth quarter valued at approximately $240,000. Franklin Resources Inc. grew its position in Brookfield Business by 7.1% during the fourth quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock valued at $262,000 after buying an additional 482 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Brookfield Business during the fourth quarter valued at approximately $280,000. 85.04% of the stock is currently owned by institutional investors.

Brookfield Business Company Profile

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.