Brookfield Business Partners (NYSE:BBU) PT Lowered to $31.00

Brookfield Business Partners (NYSE:BBU - Free Report) had its target price cut by Royal Bank of Canada from $32.00 to $31.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the business services provider's stock.

A number of other equities analysts also recently weighed in on the company. Desjardins upped their target price on Brookfield Business Partners from $31.00 to $32.00 and gave the company a buy rating in a report on Monday, February 5th. Scotiabank upped their target price on Brookfield Business Partners from $26.50 to $28.00 and gave the company a sector outperform rating in a report on Monday, February 5th. National Bankshares increased their price objective on Brookfield Business Partners from $33.00 to $34.00 and gave the stock an outperform rating in a report on Monday, February 5th. TheStreet downgraded Brookfield Business Partners from a c rating to a d+ rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets increased their price objective on Brookfield Business Partners from $30.00 to $31.00 and gave the stock an outperform rating in a report on Monday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Brookfield Business Partners presently has an average rating of Buy and an average target price of $30.33.

Brookfield Business Partners Trading Up 0.2 %

NYSE BBU traded up $0.04 on Monday, hitting $18.93. 20,577 shares of the company were exchanged, compared to its average volume of 15,355. The company's 50 day moving average price is $20.66 and its 200-day moving average price is $19.29. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.04 and a quick ratio of 0.78. The firm has a market capitalization of $1.41 billion, a P/E ratio of 2.98 and a beta of 1.44. Brookfield Business Partners has a twelve month low of $12.22 and a twelve month high of $23.75.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The business services provider reported $6.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $5.67. The firm had revenue of $13.41 billion for the quarter. Brookfield Business Partners had a return on equity of 21.72% and a net margin of 7.08%. During the same quarter in the previous year, the firm posted $1.49 EPS. Analysts predict that Brookfield Business Partners will post 3.95 earnings per share for the current fiscal year.

Brookfield Business Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, May 31st. This represents a $0.25 dividend on an annualized basis and a yield of 1.32%. Brookfield Business Partners's payout ratio is currently 3.92%.

Institutional Investors Weigh In On Brookfield Business Partners

A number of large investors have recently added to or reduced their stakes in BBU. Gold Investment Management Ltd. bought a new stake in shares of Brookfield Business Partners in the fourth quarter valued at approximately $618,000. Hsbc Holdings PLC bought a new stake in shares of Brookfield Business Partners in the third quarter valued at approximately $476,000. Russell Investments Group Ltd. boosted its position in shares of Brookfield Business Partners by 44.1% in the fourth quarter. Russell Investments Group Ltd. now owns 50,102 shares of the business services provider's stock valued at $1,039,000 after acquiring an additional 15,344 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Brookfield Business Partners by 54.3% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 59,354 shares of the business services provider's stock valued at $1,231,000 after acquiring an additional 20,891 shares during the period. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of Brookfield Business Partners in the first quarter valued at $1,405,000. 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.