Brookfield Business Partners (NYSE:BBU) Earns "Sell (D+)" Rating from Weiss Ratings

Key Points

• Brookfield Business Partners has received a "Sell (D+)" rating from Weiss Ratings, indicating a negative outlook from analysts.
• Despite this, some analysts have a more optimistic view, with Zacks Research cutting its rating to "strong sell," while others, like Royal Bank of Canada, boosted their price objective and gave an "outperform" rating.
• The stock is currently trading at $34.71, up 4.0%, with a market capitalization of $3.08 billion, but has a high debt-to-equity ratio of 2.90 and a low price-to-earnings ratio of -267.00.

Brookfield Business Partners (NYSE:BBU - Get Free Report)'s stock had its "sell (d+)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on BBU. Zacks Research cut Brookfield Business Partners from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 30th. Desjardins raised their price target on shares of Brookfield Business Partners from $31.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on shares of Brookfield Business Partners from $35.00 to $39.00 and gave the company an "outperform" rating in a report on Monday, September 29th. Wall Street Zen cut shares of Brookfield Business Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, National Bankshares boosted their target price on shares of Brookfield Business Partners from $33.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $35.83.

Brookfield Business Partners Stock Up 4.0%

BBU stock traded up $1.35 during midday trading on Wednesday, hitting $34.71. The stock had a trading volume of 199,852 shares, compared to its average volume of 27,902. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.67 and a quick ratio of 1.36. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -267.00 and a beta of 1.38. The business has a 50-day moving average of $27.70 and a two-hundred day moving average of $25.29. Brookfield Business Partners has a 52-week low of $18.63 and a 52-week high of $34.94.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BBU. Bank of America Corp DE grew its stake in shares of Brookfield Business Partners by 30,100.0% during the 2nd quarter. Bank of America Corp DE now owns 1,208 shares of the business services provider's stock valued at $31,000 after acquiring an additional 1,204 shares during the period. Northwest & Ethical Investments L.P. bought a new position in shares of Brookfield Business Partners in the second quarter worth approximately $391,000. Legal & General Group Plc bought a new position in shares of Brookfield Business Partners in the second quarter worth approximately $3,373,000. JPMorgan Chase & Co. increased its stake in shares of Brookfield Business Partners by 636.4% in the second quarter. JPMorgan Chase & Co. now owns 36,027 shares of the business services provider's stock worth $934,000 after purchasing an additional 31,135 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in shares of Brookfield Business Partners by 1.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,102,273 shares of the business services provider's stock valued at $28,344,000 after purchasing an additional 14,981 shares during the period. Institutional investors own 85.04% of the company's stock.

About Brookfield Business Partners

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.

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