Credit Suisse Group Raises Brookfield Business Partners L.P. Limited Partnership Units (BBU) Price Target to $3.15

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) had its price objective lifted by equities research analysts at Credit Suisse Group to $3.15 in a report released on Friday, January 5th, The Fly reports. The firm currently has an “outperform” rating on the business services provider’s stock. Credit Suisse Group’s price objective suggests a potential downside of 91.86% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Citigroup started coverage on Brookfield Business Partners L.P. Limited Partnership Units in a research note on Wednesday, December 20th. They set a “buy” rating and a $39.00 price objective for the company. TheStreet cut Brookfield Business Partners L.P. Limited Partnership Units from a “c” rating to a “d” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.63.

Shares of Brookfield Business Partners L.P. Limited Partnership Units (BBU) opened at $38.70 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. Brookfield Business Partners L.P. Limited Partnership Units has a twelve month low of $23.82 and a twelve month high of $39.00.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) last issued its earnings results on Monday, November 6th. The business services provider reported $0.08 earnings per share (EPS) for the quarter. Brookfield Business Partners L.P. Limited Partnership Units had a return on equity of 2.05% and a net margin of 1.30%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBU. Pinebridge Investments L.P. purchased a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units during the 3rd quarter valued at approximately $113,000. Wells Fargo & Company MN raised its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 434.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,137 shares of the business services provider’s stock valued at $139,000 after buying an additional 4,176 shares during the period. Jarislowsky Fraser Ltd purchased a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units during the 3rd quarter valued at approximately $244,000. Steinberg Global Asset Management raised its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 13.4% during the 3rd quarter. Steinberg Global Asset Management now owns 16,431 shares of the business services provider’s stock valued at $487,000 after buying an additional 1,937 shares during the period. Finally, Northern Trust Corp raised its position in Brookfield Business Partners L.P. Limited Partnership Units by 10.8% in the second quarter. Northern Trust Corp now owns 18,854 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 1,834 shares during the period. 64.51% of the stock is currently owned by institutional investors and hedge funds.

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Brookfield Business Partners L.P. Limited Partnership Units Company Profile

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