Brookfield Business Partners (NYSE:BBU) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Brookfield Business Partners from a "hold" to a "strong sell" rating, indicating a significant shift in investor sentiment regarding the stock.
• Despite recent downgrades, multiple analysts have varied perspectives on BBU, with reports showing both "buy" and "outperform" ratings from several banks, reflecting a consensus rating of "Moderate Buy."
• Institutional investors control 85.04% of Brookfield Business Partners' stock, highlighting strong institutional interest in the firm despite recent concerns over its stock ratings.

Brookfield Business Partners (NYSE:BBU - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also commented on BBU. Wall Street Zen lowered shares of Brookfield Business Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. National Bankshares lifted their price objective on shares of Brookfield Business Partners from $33.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, September 26th. Royal Bank Of Canada lifted their price objective on shares of Brookfield Business Partners from $35.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday. Scotiabank reiterated an "outperform" rating on shares of Brookfield Business Partners in a research report on Friday, September 26th. Finally, Desjardins lifted their price objective on shares of Brookfield Business Partners from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.83.

Brookfield Business Partners Trading Up 1.0%

NYSE BBU opened at $32.95 on Tuesday. Brookfield Business Partners has a one year low of $18.63 and a one year high of $33.19. The company has a 50-day simple moving average of $27.07 and a 200-day simple moving average of $24.99. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.36 and a current ratio of 1.67. The firm has a market capitalization of $2.92 billion, a PE ratio of -253.47 and a beta of 1.38.

Institutional Trading of Brookfield Business Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position 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 worth $31,000 after buying an additional 1,204 shares in the last quarter. Rathbones Group PLC bought a new stake in shares of Brookfield Business Partners during the 2nd quarter worth about $265,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Brookfield Business Partners in the 2nd quarter worth approximately $391,000. Bank of New York Mellon Corp grew its stake in shares of 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 purchasing an additional 2,078 shares during the last quarter. Finally, Gold Investment Management Ltd. grew its stake in shares of 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 purchasing an additional 6,791 shares during the last quarter. 85.04% of the stock is currently 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.

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