Analysts Set Brookfield Business Corp (NYSE:BBUC) Target Price at $39.60

Brookfield Business Corp (NYSE:BBUCGet Free Report) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $39.60.

Several analysts recently issued reports on the stock. TD Cowen began coverage on shares of Brookfield Business in a research report on Tuesday, June 9th. They set a “hold” rating and a $34.00 target price for the company. Scotiabank set a $40.50 price target on shares of Brookfield Business in a research report on Friday, July 24th. Weiss Ratings cut shares of Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce set a $41.50 price objective on shares of Brookfield Business in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Brookfield Business from a “buy” rating to a “hold” rating in a research note on Sunday.

Check Out Our Latest Stock Report on Brookfield Business

Key Stories Impacting Brookfield Business

Here are the key news stories impacting Brookfield Business this week:

Institutional Trading of Brookfield Business

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in shares of Brookfield Business by 29.4% during the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock valued at $108,000 after buying an additional 685 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Brookfield Business during the 4th quarter valued at approximately $178,000. Jump Financial LLC purchased a new stake in Brookfield Business in the 4th quarter worth approximately $240,000. Franklin Resources Inc. increased its holdings in Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after acquiring an additional 482 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Brookfield Business during the 4th quarter worth approximately $280,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.

Brookfield Business Trading Down 5.8%

Shares of NYSE:BBUC opened at $29.62 on Friday. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of -75.95 and a beta of 1.25. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.19 and a current ratio of 1.43. The stock’s 50-day simple moving average is $31.70 and its two-hundred day simple moving average is $33.19. Brookfield Business has a 52-week low of $28.14 and a 52-week high of $38.25.

Brookfield Business (NYSE:BBUCGet Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter. Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%.The business had revenue of $6.50 billion during the quarter. Analysts expect that Brookfield Business will post 5.54 EPS for the current year.

Brookfield Business Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, August 31st. This represents a $0.25 annualized dividend and a yield of 0.8%. Brookfield Business’s payout ratio is -55.56%.

Brookfield Business Company Profile

(Get Free Report)

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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Analyst Recommendations for Brookfield Business (NYSE:BBUC)

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