Brookfield Business Corp (NYSE:BBUC) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Brookfield Business has a consensus “Hold” rating from six analysts: three recommend buying, two recommend holding, and one recommends selling. The average 12-month price target is $39.20, above the reported opening price of $28.91.
• BBUC reported quarterly earnings of $0.18 per share on $6.50 billion in revenue. Analysts expect full-year earnings of approximately $5.31 per share.
• The company declared a quarterly dividend of $0.0625 per share, equivalent to an annualized $0.25 dividend and a 0.9% yield; institutional investors and hedge funds own 85.04% of outstanding shares.

Brookfield Business Corp (NYSE:BBUC - Get Free Report) has earned an average rating of "Hold" from the six research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.20.

A number of brokerages have issued reports on BBUC. Weiss Ratings reiterated a "sell (d)" rating on shares of Brookfield Business in a research report on Wednesday, August 5th. Canadian Imperial Bank of Commerce set a $41.50 price objective on shares of Brookfield Business in a research note on Monday, May 11th. TD Cowen lowered their target price on shares of Brookfield Business from $34.00 to $32.00 and set a "hold" rating on the stock in a research note on Tuesday, August 4th. National Bank Financial decreased their price objective on shares of Brookfield Business from $44.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada dropped their target price on Brookfield Business from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, May 11th.

Brookfield Business Stock Performance

Shares of BBUC opened at $28.91 on Thursday. Brookfield Business has a 1 year low of $28.14 and a 1 year high of $38.25. The company has a market cap of $5.98 billion, a price-to-earnings ratio of -74.12 and a beta of 1.26. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.22 and a current ratio of 1.44. The firm has a fifty day moving average of $30.80 and a 200-day moving average of $32.60.

Brookfield Business (NYSE:BBUC - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.18 earnings per share for the quarter. The company had revenue of $6.50 billion for the quarter. Brookfield Business had a return on equity of 2.05% and a net margin of 1.13%. As a group, equities analysts anticipate that Brookfield Business will post 5.31 earnings per share for the current year.

Brookfield Business Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.25 annualized dividend and a yield of 0.9%. Brookfield Business's dividend payout ratio is currently -64.10%.

Hedge Funds Weigh In On Brookfield Business

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Brookfield Business in the fourth quarter valued at $1,655,000. Handelsbanken Fonder AB purchased a new stake in Brookfield Business in the 4th quarter worth about $323,000. Cardinal Point Capital Management ULC boosted its position in Brookfield Business by 4.6% during the 4th 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 during the period. Strs Ohio purchased a new position in Brookfield Business during the 4th quarter valued at about $431,000. Finally, Mackenzie Financial Corp grew its stake in Brookfield Business by 68.4% during the 4th quarter. Mackenzie Financial Corp now owns 25,942 shares of the company's stock valued at $931,000 after acquiring an additional 10,536 shares in the last quarter. Institutional investors and hedge funds own 85.04% of the company's stock.

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.

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