Brookfield Business Partners - BBU Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brookfield Business Partners in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BBU shares.
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3 brokerages have issued 1-year price targets for Brookfield Business Partners' shares. Their BBU share price forecasts range from $28.00 to $59.00. On average, they expect the company's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 113.7% from the stock's current price.
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Brookfield Business Partners' stock was trading at $46.05 at the beginning of 2022. Since then, BBU shares have decreased by 59.3% and is now trading at $18.72.
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Brookfield Business Partners saw a increase in short interest in November. As of November 15th, there was short interest totaling 41,100 shares, an increase of 121.0% from the October 31st total of 18,600 shares. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 2.5 days. Currently, 0.1% of the company's stock are short sold.
View Brookfield Business Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 3rd 2023.
View our BBU earnings forecast.

Brookfield Business Partners L.P. (NYSE:BBU) posted its quarterly earnings data on Monday, November, 7th. The business services provider reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $1.36 by $1.50. The business services provider earned $14.74 billion during the quarter. Brookfield Business Partners had a net margin of 0.68% and a trailing twelve-month return on equity of 2.77%.

Brookfield Business Partners announced a quarterly dividend on Friday, November 4th. Investors of record on Wednesday, November 30th will be given a dividend of $0.063 per share on Friday, December 30th. This represents a $0.25 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, November 29th. This is an increase from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for BBU.

Brookfield Business Partners (NYSE:BBU) pays an annual dividend of $0.25 per share and currently has a dividend yield of 1.34%. The dividend payout ratio is 56.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBU will have a dividend payout ratio of 4.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBU.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brookfield Business Partners investors own include Brookfield Asset Management (BAM), Brookfield Infrastructure Partners (BIP), Brookfield Renewable Partners (BEP), Gilead Sciences (GILD), Enbridge (ENB), Bank of America (BAC), Energy Transfer (ET), Raytheon Technologies (RTX) and Sunrun (RUN).

Brookfield Business Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "BBU."

Brookfield Business Partners' stock is owned by a variety of institutional and retail investors. Top institutional investors include Royal Bank of Canada (10.38%), CIBC Asset Management Inc (3.73%), CI Investments Inc. (2.82%), Beutel Goodman & Co Ltd. (1.37%), Bank of Montreal Can (1.12%) and The Manufacturers Life Insurance Company (0.44%).
View institutional ownership trends.

Shares of BBU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BBU stock can currently be purchased for approximately $18.72.

Brookfield Business Partners (NYSE:BBU) has a market capitalization of $1.40 billion and generates $46.59 billion in revenue each year. The business services provider earns $415 million in net income (profit) each year or $0.44 on an earnings per share basis.

The company employs 90,000 workers across the globe.

Brookfield Business Partners' mailing address is 73 Front Street 5th Floor, Hamilton D0, HM 12. The official website for the company is bbu.brookfield.com. The business services provider can be reached via phone at (441) 294-3309 or via email at enquiries@brookfield.com.