Brookfield Business (NYSE:BBUC) Hits New 52-Week Low - What's Next?

Key Points

• Brookfield Business shares fell to a new 52-week low of $26.93, below their 50-day and 200-day moving averages, giving the company a market capitalization of approximately $5.53 billion.
• Analyst sentiment is mixed but leans cautious: the stock has an average “Hold” rating and a consensus price target of $39.20, while several firms recently lowered targets or downgraded the shares.
• The company reported quarterly revenue of $6.50 billion and earnings of $0.18 per share, and declared a quarterly dividend of $0.0625 per share, equivalent to a 0.9% annualized yield.

Shares of Brookfield Business Corp (NYSE:BBUC - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $26.93 and last traded at $26.85, with a volume of 3362 shares traded. The stock had previously closed at $27.13.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BBUC shares. TD Cowen decreased their price objective on shares of Brookfield Business from $34.00 to $32.00 and set a "hold" rating for the company in a report on Tuesday, August 4th. Scotiabank set a $40.50 target price on Brookfield Business in a report on Friday, July 24th. National Bank Financial decreased their price target on Brookfield Business from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, May 12th. Wall Street Zen cut Brookfield Business from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Brookfield Business in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.20.

Brookfield Business Price Performance

The stock has a fifty day moving average price of $29.63 and a 200-day moving average price of $31.81. The company has a market cap of $5.53 billion, a PE ratio of -68.39 and a beta of 1.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.44 and a quick ratio of 1.22.

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

Brookfield Business Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 31st. Brookfield Business's dividend payout ratio (DPR) is currently -64.10%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BBUC. Jump Financial LLC purchased a new stake in Brookfield Business in the 4th quarter worth approximately $240,000. Franklin Resources Inc. increased its stake in shares of Brookfield Business by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 7,302 shares of the company's stock worth $262,000 after acquiring an additional 482 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Brookfield Business in the fourth quarter worth $280,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Brookfield Business during the fourth quarter worth $298,000. Finally, Handelsbanken Fonder AB acquired a new stake in Brookfield Business during the fourth quarter valued at $323,000. Institutional investors and hedge funds own 85.04% of the company's stock.

About Brookfield Business

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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