Brookfield Business Partners L.P. (NYSE:BBU) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Brookfield Business Partners L.P. has received a consensus rating of "Buy" from five analysts, with an average twelve-month target price set at $32.50.
• Institutional investors own 85.04% of the company's stock, with notable increases in holdings from BROOKFIELD Corp ON and Royal Bank of Canada.
• The company recently announced a quarterly dividend of $0.0625 per share, reflecting an annualized yield of 0.9%.

Brookfield Business Partners L.P. (NYSE:BBU - Get Free Report) has received a consensus rating of "Buy" from the five brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $32.50.

BBU has been the topic of a number of analyst reports. Desjardins increased their price objective on Brookfield Business Partners from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. National Bankshares dropped their price objective on Brookfield Business Partners from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Royal Bank Of Canada lifted their price objective on Brookfield Business Partners from $33.00 to $35.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. CIBC dropped their price objective on Brookfield Business Partners from $34.00 to $30.00 and set an "outperformer" rating for the company in a research report on Monday, April 28th. Finally, Wall Street Zen cut Brookfield Business Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th.

Institutional Trading of Brookfield Business Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Brookfield Business Partners by 30,100.0% in the 2nd quarter. Bank of America Corp DE now owns 1,208 shares of the business services provider's stock worth $31,000 after buying an additional 1,204 shares during the last quarter. Rathbones Group PLC acquired a new stake in Brookfield Business Partners in the 2nd quarter worth about $265,000. Northwest & Ethical Investments L.P. acquired a new stake in Brookfield Business Partners in the 2nd quarter worth about $391,000. Bank of New York Mellon Corp boosted its stake in Brookfield Business Partners by 11.7% in the 1st quarter. Bank of New York Mellon Corp now owns 19,802 shares of the business services provider's stock worth $465,000 after buying an additional 2,078 shares during the last quarter. Finally, Gold Investment Management Ltd. boosted its stake in Brookfield Business Partners by 20.9% in the 1st quarter. Gold Investment Management Ltd. now owns 39,309 shares of the business services provider's stock worth $921,000 after buying an additional 6,791 shares during the last quarter. Hedge funds and other institutional investors own 85.04% of the company's stock.

Brookfield Business Partners Price Performance

Shares of BBU stock traded up $0.7160 during mid-day trading on Wednesday, reaching $27.7760. The stock had a trading volume of 114,676 shares, compared to its average volume of 19,005. Brookfield Business Partners has a 12-month low of $18.63 and a 12-month high of $28.23. The company has a market cap of $2.47 billion, a P/E ratio of -213.66 and a beta of 1.38. The business has a 50-day simple moving average of $25.55 and a 200 day simple moving average of $24.08. The company has a current ratio of 1.67, a quick ratio of 1.36 and a debt-to-equity ratio of 2.90.

Brookfield Business Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 29th. Brookfield Business Partners's dividend payout ratio (DPR) is currently -192.31%.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.