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

Key Points

• Brookfield Business has a consensus “Hold” rating from six analysts: three buys, two holds, and one sell. The average 12-month price target is $39.20, compared with the stock’s $26.40 opening price.
• The company reported quarterly earnings of $0.18 per share on $6.50 billion in revenue. Analysts expect full-year earnings of approximately $5.31 per share.
• Brookfield Business declared a quarterly dividend of $0.0625 per share, equal to $0.25 annually and a 0.9% yield; institutional investors and hedge funds own 85.04% of the stock.

Shares of Brookfield Business Corp (NYSE:BBUC - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.20.

A number of research firms have weighed in on BBUC. TD Cowen cut their price target on shares of 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 target on Brookfield Business in a research report on Friday, July 24th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Brookfield Business in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Brookfield Business from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd.

Brookfield Business Trading Down 0.0%

NYSE BBUC opened at $26.40 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 2.92. The firm has a 50-day moving average price of $29.38 and a 200 day moving average price of $31.63. Brookfield Business has a 52-week low of $26.00 and a 52-week high of $38.25. The stock has a market capitalization of $5.46 billion, a P/E ratio of -67.69 and a beta of 1.25.

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

Brookfield Business Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Business's dividend payout ratio (DPR) is presently -64.10%.

Institutional Trading of Brookfield Business

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in shares of Brookfield Business in the fourth quarter worth about $1,655,000. Citadel Advisors LLC acquired a new position in shares of Brookfield Business in the 2nd quarter valued at approximately $1,140,000. TD Waterhouse Canada Inc. acquired a new stake in Brookfield Business in the second quarter valued at $23,247,000. Handelsbanken Fonder AB bought a new position in Brookfield Business during the 4th quarter valued at $323,000. Finally, AQR Capital Management LLC grew its holdings in Brookfield Business by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 23,174 shares of the company's stock worth $831,000 after acquiring an additional 6,439 shares in the last quarter. 85.04% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Business

Brookfield Business Corporation NYSE: BBUC is a publicly traded holding company affiliated with Brookfield Asset Management. It owns and operates a diversified portfolio of businesses with a focus on essential services and industries that may benefit from long-term demand and operational improvement.

The company's principal activities span business services, infrastructure services and industrial operations. Its investments have included healthcare services, residential mortgage insurance, construction and infrastructure-related services, and other industrial and service businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.