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

Key Points

• Brokfield Business Partners L.P. has received an average rating of "Buy" from four research firms, with a 1-year target price of $32.00.
• The company recently announced a quarterly dividend of $0.0625, translating to an annualized yield of 0.97%.
• Institutional investors own approximately 85.04% of Brookfield Business Partners' stock, indicating significant institutional interest in the firm.

Shares of Brookfield Business Partners L.P. (NYSE:BBU - Get Free Report) have been given a consensus rating of "Buy" by the four analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $32.00.

Several research firms have recently weighed in on BBU. Scotiabank raised their price target on Brookfield Business Partners from $29.00 to $31.00 and gave the stock an "outperform" rating in a research note on Friday, July 4th. Wall Street Zen lowered shares of Brookfield Business Partners from a "buy" rating to a "hold" rating in a report on Saturday. Royal Bank Of Canada assumed coverage on Brookfield Business Partners in a report on Wednesday, June 18th. They issued an "outperform" rating and a $33.00 price objective for the company. CIBC decreased their price objective on Brookfield Business Partners from $34.00 to $30.00 and set an "outperformer" rating for the company in a report on Monday, April 28th. Finally, National Bankshares dropped their target price on Brookfield Business Partners from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th.

Brookfield Business Partners Stock Performance

NYSE:BBU traded down $0.25 during trading on Friday, reaching $25.24. The company's stock had a trading volume of 4,663 shares, compared to its average volume of 18,548. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -74.22 and a beta of 1.32. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.21 and a current ratio of 1.48. Brookfield Business Partners has a 12 month low of $18.45 and a 12 month high of $27.47. The firm has a 50 day moving average of $25.47 and a 200-day moving average of $23.68.

Brookfield Business Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were given a dividend of $0.0625 per share. The ex-dividend date was Friday, May 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.99%. Brookfield Business Partners's payout ratio is currently -73.53%.

Hedge Funds Weigh In On Brookfield Business Partners

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Brookfield Business Partners by 8.9% during the fourth quarter. Bank of New York Mellon Corp now owns 17,724 shares of the business services provider's stock worth $415,000 after buying an additional 1,448 shares during the period. Gold Investment Management Ltd. raised its stake in shares of Brookfield Business Partners by 20.9% during the first quarter. Gold Investment Management Ltd. now owns 39,309 shares of the business services provider's stock worth $921,000 after acquiring an additional 6,791 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Brookfield Business Partners by 2.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 41,794 shares of the business services provider's stock worth $987,000 after purchasing an additional 1,146 shares during the period. K2 Principal Fund L.P. raised its stake in Brookfield Business Partners by 5.8% in the fourth quarter. K2 Principal Fund L.P. now owns 52,385 shares of the business services provider's stock worth $1,227,000 after buying an additional 2,880 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Brookfield Business Partners by 64.7% during the fourth quarter. Russell Investments Group Ltd. now owns 63,017 shares of the business services provider's stock valued at $1,485,000 after purchasing an additional 24,755 shares in the last quarter. 85.04% of the stock is owned by institutional investors.

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.