Brookfield Business (NYSE:BBUC) Hits New 12-Month Low - Here's Why

Key Points

• Brookfield Business shares fell to a new 52-week low of $28.00, well below their 50-day and 200-day moving averages, amid a market capitalization of approximately $5.82 billion.
• Analyst sentiment is mixed: three analysts rate the stock a Buy, two a Hold and one a Sell. The consensus rating is Hold, with an average price target of $39.20.
• The company reported quarterly revenue of $6.50 billion and EPS of $0.18, while declaring a quarterly dividend of $0.0625, equivalent to a 0.9% annualized yield.

Brookfield Business Corp (NYSE:BBUC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $28.00 and last traded at $28.1870, with a volume of 26627 shares traded. The stock had previously closed at $28.26.

Analyst Upgrades and Downgrades

BBUC has been the subject of a number of research reports. Scotiabank set a $40.50 price objective on Brookfield Business in a research note on Friday, July 24th. Royal Bank Of Canada reduced their price target on shares of Brookfield Business from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, May 11th. National Bank Financial decreased their price target on shares of Brookfield Business from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, May 12th. Weiss Ratings restated a "sell (d)" rating on shares of Brookfield Business in a research report on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Brookfield Business from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Brookfield Business presently has a consensus rating of "Hold" and a consensus price target of $39.20.

Brookfield Business Price Performance

The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.22 and a current ratio of 1.44. The company's fifty day simple moving average is $30.48 and its two-hundred day simple moving average is $32.38. The stock has a market capitalization of $5.82 billion, a PE ratio of -72.12 and a beta of 1.26.

Brookfield Business (NYSE:BBUC - Get Free Report) last announced 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 firm had revenue of $6.50 billion for the quarter. As a group, sell-side analysts predict that Brookfield Business Corp will post 5.31 EPS for the current year.

Brookfield Business Announces Dividend

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

Institutional Investors Weigh In On Brookfield Business

A number of hedge funds and other institutional investors have recently modified their holdings of BBUC. Jump Financial LLC acquired a new stake in Brookfield Business during the fourth quarter worth approximately $240,000. Franklin Resources Inc. lifted its stake in shares of Brookfield Business by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company's stock worth $262,000 after purchasing an additional 482 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Brookfield Business during the fourth quarter worth $280,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Brookfield Business in the fourth quarter valued at $298,000. Finally, Handelsbanken Fonder AB acquired a new position in Brookfield Business in the fourth quarter valued at $323,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Business Company Profile

Brookfield Business NYSE: BBUC is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.

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