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

Key Points

• Brookfield Business shares fell to a new 52-week low of $27.11, well below their 50-day average of $30.09 and 200-day average of $32.14.
• Analysts have mixed views, resulting in a consensus “Hold” rating and an average price target of $39.20, implying potential upside from current levels.
• The company reported quarterly revenue of $6.50 billion and EPS of $0.18, while announcing a quarterly dividend of $0.0625, or $0.25 annually, yielding about 0.9%.

Brookfield Business Corp (NYSE:BBUC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $27.11 and last traded at $27.1950, with a volume of 3948 shares traded. The stock had previously closed at $27.97.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BBUC. Canadian Imperial Bank of Commerce set a $41.50 price objective on shares of Brookfield Business in a research note on Monday, May 11th. Scotiabank set a $40.50 price target on shares of Brookfield Business in a research note on Friday, July 24th. TD Cowen lowered their price objective on shares of Brookfield Business from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Tuesday, August 4th. National Bank Financial dropped their price objective on shares of Brookfield Business from $44.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada cut their target price on Brookfield Business from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $39.20.

Brookfield Business Trading Down 0.1%

The business has a 50 day moving average of $30.09 and a two-hundred day moving average of $32.14. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 2.92. The firm has a market cap of $5.67 billion, a P/E ratio of -70.32 and a beta of 1.26.

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

Brookfield Business Announces Dividend

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

Institutional Investors Weigh In On Brookfield Business

Large investors have recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new position in Brookfield Business in the 4th quarter valued at about $240,000. Franklin Resources Inc. boosted its position in 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 buying an additional 482 shares during the period. Squarepoint Ops LLC bought a new stake in Brookfield Business during the 4th quarter worth approximately $280,000. Susquehanna Advisors Group Inc. bought a new stake in Brookfield Business during the 4th quarter worth approximately $298,000. Finally, Handelsbanken Fonder AB acquired a new position in Brookfield Business in the 4th quarter valued at approximately $323,000. Institutional investors and hedge funds own 85.04% of the company's stock.

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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