Brookfield Business (NYSE:BBUC) Stock Gets Downgrade from Royal Bank Of Canada

Key Points

• Royal Bank of Canada downgraded Brookfield Business from Outperform to Sector Perform, maintaining a $34 price target—about 14.9% above the share price at the time.
• Analyst sentiment is mixed: the stock has a consensus Hold rating and an average price target of $36.17.
• Shares fell 2.1% to $29.59 on Friday, and the company’s reported quarterly EPS of $0.09 missed the $1.25 consensus estimate.

Brookfield Business (NYSE:BBUC - Get Free Report) was downgraded by Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report issued on Friday, Benzinga reports. They currently have a $34.00 price objective on the stock. Royal Bank Of Canada's price target points to a potential upside of 14.88% from the company's current price.

Several other equities research analysts have also recently issued reports on BBUC. TD Cowen decreased their target price on shares of Brookfield Business from $32.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, October 12th. National Bank Financial lowered their target price on shares of Brookfield Business from $42.00 to $38.00 and set an "outperform" rating for the company in a report on Wednesday, October 28th. Weiss Ratings raised shares of Brookfield Business from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, September 25th. Scotiabank set a $40.50 price target on shares of Brookfield Business in a research report on Friday, July 24th. 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. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $36.17.

Brookfield Business Trading Down 2.1%

Shares of NYSE:BBUC traded down $0.65 during midday trading on Friday, reaching $29.59. The company's stock had a trading volume of 101,809 shares, compared to its average volume of 307,865. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of -75.75 and a beta of 1.32. 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 has a 1 year low of $24.80 and a 1 year high of $38.25. The business has a 50 day moving average price of $26.89 and a 200 day moving average price of $31.17.

Brookfield Business (NYSE:BBUC - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.09 earnings per share 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%. Research analysts forecast that Brookfield Business will post 5.31 EPS for the current year.

Institutional Trading of Brookfield Business

Several large investors have recently bought and sold shares of BBUC. Private Management Group Inc. bought a new position in Brookfield Business during the 3rd quarter valued at $31,873,000. State Street Corp acquired a new position in Brookfield Business during the 2nd quarter worth $29,617,000. TD Waterhouse Canada Inc. acquired a new position in Brookfield Business during the 2nd quarter worth $23,247,000. Beutel Goodman & Co Ltd. bought a new stake in shares of Brookfield Business in the 3rd quarter worth about $22,301,000. Finally, Cardinal Point Capital Management ULC increased its position in shares of Brookfield Business by 0.6% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 357,043 shares of the company's stock worth $9,112,000 after purchasing an additional 2,073 shares during the last quarter. Institutional investors and hedge funds own 85.04% of the company's stock.

Brookfield Business News Summary

Here are the key news stories impacting Brookfield Business this week:

• Positive Sentiment: Brookfield Business swung to a profit in Q3, with revenue rising to $6.99 billion and profit and EBITDA higher, pointing to improvement in operating performance. Article: Brookfield Business Swings to Profit in Q3, Revenue Rises
• Positive Sentiment: The company declared a quarterly dividend of $0.0625 per share, payable December 31 to shareholders of record November 30. Article: Brookfield Business Reports Higher Profit and EBITDA in Third Quarter
• Negative Sentiment: Reported EPS of $0.09 fell short of the $1.25 consensus estimate, a sizable miss that may outweigh the improved profit and revenue figures for investors. Article: Brookfield Business Reports Weak Q3 2026 as EPS Misses Estimates
• Negative Sentiment: RBC downgraded BBUC from Outperform to Sector Perform, citing limited relative upside, though it maintained its $34 price target. The downgrade may weigh on sentiment despite the target being above the recent share price. Article: RBC Downgrades Brookfield Business

About Brookfield Business

Brookfield Business Corporation NYSE: BBUC is a publicly traded corporation that provides investors with an interest in the operations of Brookfield Business Partners, a global owner and operator of business services, infrastructure services and industrial companies. BBUC's shares are designed to provide economic exposure substantially equivalent to units of Brookfield Business Partners L.P., while offering a corporate share structure.

Through its portfolio companies, Brookfield Business Partners is involved in essential and often service-oriented activities, including healthcare services, construction and infrastructure services, industrial operations, energy-related businesses and other business services.

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