Brookfield Business Partners L.P. (NYSE:BBU) Receives $32.00 Consensus Target Price from Analysts

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.

Brookfield Business Partners L.P. (NYSE:BBU - Get Free Report) has been given an average recommendation of "Buy" by the four analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $32.00.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBU. Bank of New York Mellon Corp lifted its position in 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 valued at $415,000 after purchasing an additional 1,448 shares during the period. Gold Investment Management Ltd. lifted its position in 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 valued at $921,000 after purchasing an additional 6,791 shares during the period. The Manufacturers Life Insurance Company lifted its position in 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 valued at $987,000 after purchasing an additional 1,146 shares during the period. K2 Principal Fund L.P. lifted its position in Brookfield Business Partners by 5.8% during the fourth quarter. K2 Principal Fund L.P. now owns 52,385 shares of the business services provider's stock valued at $1,227,000 after purchasing an additional 2,880 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in 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 during the period. 85.04% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Business Partners Stock Up 1.2%

BBU traded up $0.30 during trading on Friday, hitting $25.65. The stock had a trading volume of 84,717 shares, compared to its average volume of 21,461. The company has a market capitalization of $2.28 billion, a PE ratio of -75.42 and a beta of 1.32. Brookfield Business Partners has a twelve month low of $18.45 and a twelve month high of $27.47. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.21 and a current ratio of 1.48. The stock has a 50 day simple moving average of $25.47 and a two-hundred day simple moving average of $23.64.

Brookfield Business Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors 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 dividend on an annualized basis and a yield of 0.97%. Brookfield Business Partners's dividend payout ratio is presently -73.53%.

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.