Brookfield Business Corp (NYSE:BBUC) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a mixed outlook on Brookfield Business: Six firms collectively rate the stock “Hold,” with three buys, two holds and one sell. The average 12-month price target is $39.20.
• BBUC opened at $26.26, near the lower end of its $24.80–$38.25 52-week range, while its 50-day and 200-day moving averages stood at $27.38 and $30.67, respectively.
• The company reported quarterly revenue of $6.50 billion and EPS of $0.18, and pays a quarterly dividend of $0.0625, equal to a 1.0% annualized yield. Institutional investors own approximately 85.04% of the stock.

Brookfield Business Corp (NYSE:BBUC - Get Free Report) has received an average recommendation of "Hold" from the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $39.20.

A number of equities analysts have recently issued reports on BBUC shares. Weiss Ratings upgraded Brookfield Business from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, September 25th. TD Cowen reduced their price objective on Brookfield Business from $34.00 to $32.00 and set a "hold" rating on the stock in a research note on Tuesday, August 4th. Scotiabank set a $40.50 price objective on Brookfield Business in a report on Friday, July 24th. Finally, Wall Street Zen lowered Brookfield Business from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd.

Brookfield Business Stock Performance

NYSE BBUC opened at $26.26 on Friday. Brookfield Business has a 52-week low of $24.80 and a 52-week high of $38.25. The company has a fifty day moving average of $27.38 and a 200-day moving average of $30.67. The company has a market capitalization of $5.39 billion, a P/E ratio of -67.33 and a beta of 1.33. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.22 and a current ratio of 1.44.

Brookfield Business (NYSE:BBUC - Get Free Report) last released its earnings results on Friday, July 31st. The company reported $0.18 EPS for the quarter. Brookfield Business had a return on equity of 2.05% and a net margin of 1.13%.The business had revenue of $6.50 billion for the quarter. As a group, equities research analysts predict that Brookfield Business will post 5.31 EPS for the current fiscal year.

Brookfield Business Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st were issued a $0.0625 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.25 annualized dividend and a dividend yield of 1.0%. Brookfield Business's dividend payout ratio (DPR) is currently -64.10%.

Hedge Funds Weigh In On Brookfield Business

A number of hedge funds have recently modified their holdings of the company. State Street Corp purchased a new stake in shares of Brookfield Business during the second quarter worth about $29,617,000. The Manufacturers Life Insurance Company bought a new stake in shares of Brookfield Business in the 2nd quarter worth approximately $2,283,000. Tidal Investments LLC purchased a new position in shares of Brookfield Business during the second quarter valued at approximately $529,000. Citadel Advisors LLC bought a new position in shares of Brookfield Business during the second quarter valued at approximately $1,140,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Brookfield Business during the second quarter valued at approximately $23,247,000. Hedge funds and other institutional investors own 85.04% of the company's stock.

About Brookfield Business

Brookfield Business Corporation NYSE: BBUC is a publicly traded company that provides investors with an alternative way to participate in the operations of Brookfield Business Partners L.P. The corporation's shares are designed to be economically equivalent to units of Brookfield Business Partners and are supported by the company's portfolio of operating businesses.

Brookfield Business Partners and its affiliated businesses focus on owning and operating companies in sectors including business services, infrastructure services, healthcare and industrial operations.

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