Brookfield Business (NYSE:BBUC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.
Several other equities research analysts have also recently weighed in on BBUC. Scotiabank upped their price target on Brookfield Business from $40.00 to $41.00 and gave the company a "sector outperform" rating in a research report on Tuesday, April 28th. Zacks Research upgraded shares of Brookfield Business from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $41.00.
View Our Latest Report on BBUC
Brookfield Business Stock Performance
Shares of NYSE BBUC opened at $30.81 on Friday. The stock has a market capitalization of $6.38 billion, a PE ratio of -118.52 and a beta of 1.27. Brookfield Business has a fifty-two week low of $27.64 and a fifty-two week 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 company has a fifty day moving average of $33.19.
Brookfield Business (NYSE:BBUC - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $997.69. Brookfield Business had a return on equity of 2.67% and a net margin of 1.41%. On average, sell-side analysts predict that Brookfield Business will post 5.5 EPS for the current year.
Institutional Trading of Brookfield Business
Large investors have recently modified their holdings of the business. Franklin Resources Inc. grew its holdings in shares of Brookfield Business by 7.1% during the fourth quarter. Franklin Resources Inc. now owns 7,302 shares of the company's stock worth $262,000 after purchasing an additional 482 shares in the last quarter. Signaturefd LLC raised its stake in Brookfield Business by 29.4% in the fourth quarter. Signaturefd LLC now owns 3,018 shares of the company's stock valued at $108,000 after purchasing an additional 685 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Brookfield Business by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,587 shares of the company's stock valued at $488,000 after purchasing an additional 993 shares during the last quarter. Mariner LLC lifted its position in Brookfield Business by 14.3% during the fourth quarter. Mariner LLC now owns 12,099 shares of the company's stock valued at $434,000 after purchasing an additional 1,515 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Brookfield Business by 6.8% in the 3rd quarter. Bank of America Corp DE now owns 52,377 shares of the company's stock worth $1,756,000 after buying an additional 3,348 shares in the last quarter. Institutional investors own 85.04% of the company's stock.
About Brookfield Business
(
Get Free Report)
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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