Brokerages Set Brookfield Business Corp (NYSE:BBUC) PT at $41.38

Brookfield Business Corp (NYSE:BBUC) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.3750.

Several research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce set a $41.50 target price on Brookfield Business in a research report on Monday, May 11th. National Bank Financial lowered their target price on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen lowered Brookfield Business from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Scotiabank reaffirmed an “outperform” rating on shares of Brookfield Business in a research report on Monday, May 11th. Finally, Weiss Ratings lowered Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its stake in shares of Brookfield Business by 29.4% in the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock valued at $108,000 after purchasing an additional 685 shares during the period. SG Americas Securities LLC acquired a new stake in Brookfield Business during the fourth quarter worth approximately $178,000. Jump Financial LLC acquired a new stake in Brookfield Business during the fourth quarter worth approximately $240,000. Franklin Resources Inc. grew its stake in Brookfield Business by 7.1% during the fourth 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. Finally, Squarepoint Ops LLC acquired a new stake in Brookfield Business during the fourth quarter worth approximately $280,000. 85.04% of the stock is owned by institutional investors.

Brookfield Business Stock Performance

Shares of BBUC opened at $33.57 on Tuesday. Brookfield Business has a 52 week low of $27.64 and a 52 week high of $38.25. The company has a market cap of $6.95 billion, a PE ratio of -74.60 and a beta of 1.27. The company has a quick ratio of 1.19, a current ratio of 1.43 and a debt-to-equity ratio of 2.78. The firm has a fifty day moving average price of $32.86.

Brookfield Business (NYSE:BBUC) last announced its quarterly earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $997.69. The company had revenue of $6.44 billion during the quarter. Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%. As a group, equities analysts forecast that Brookfield Business will post 5.54 EPS for the current year.

Brookfield Business Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Business’s dividend payout ratio (DPR) is currently -55.56%.

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.