Brookfield Business Corp (NYSE:BBUC) Receives $39.20 Average Target Price from Analysts

Shares of Brookfield Business Corp (NYSE:BBUC) have earned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $39.20.

A number of brokerages have recently issued reports on BBUC. Weiss Ratings reiterated a “sell (d)” rating on shares of Brookfield Business in a report on Wednesday, August 5th. Scotiabank set a $40.50 price target on shares of Brookfield Business in a report on Friday, July 24th. TD Cowen reduced their price target on shares of Brookfield Business from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of Brookfield Business from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd.

Brookfield Business Stock Down 0.3%

Shares of BBUC opened at $25.54 on Monday. Brookfield Business has a fifty-two week low of $25.38 and a fifty-two week high of $38.25. The company’s fifty day moving average is $29.10 and its two-hundred day moving average is $31.43. The firm has a market cap of $5.29 billion, a PE ratio of -65.47 and a beta of 1.25. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 2.92.

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

Brookfield Business Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Business’s dividend payout ratio (DPR) is currently -64.10%.

Institutional Trading of Brookfield Business

Institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC purchased a new position in Brookfield Business in the fourth quarter valued at about $1,655,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Brookfield Business in the second quarter worth about $2,283,000. Citadel Advisors LLC purchased a new stake in shares of Brookfield Business in the second quarter worth about $1,140,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Brookfield Business in the second quarter valued at about $23,247,000. Finally, Tidal Investments LLC acquired a new stake in shares of Brookfield Business in the second quarter valued at about $529,000. 85.04% of the stock is owned by hedge funds and other institutional investors.

About Brookfield Business

Brookfield Business Corporation (NYSE: BBUC) is a publicly traded holding company affiliated with Brookfield Asset Management. It owns and operates a diversified portfolio of businesses with a focus on essential services and industries that may benefit from long-term demand and operational improvement.

The company’s principal activities span business services, infrastructure services and industrial operations. Its investments have included healthcare services, residential mortgage insurance, construction and infrastructure-related services, and other industrial and service businesses.