Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) had its price objective increased by equities research analysts at Credit Suisse Group to $3.15 in a research report issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the business services provider’s stock. Credit Suisse Group’s price target indicates a potential downside of 91.27% from the stock’s current price.

Several other brokerages also recently commented on BBU. Citigroup initiated coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units in a research note on Wednesday, December 20th. They issued a “buy” rating and a $39.00 target price on the stock. TheStreet downgraded shares of Brookfield Business Partners L.P. Limited Partnership Units from a “c” rating to a “d” rating in a research report on Monday, November 6th. Four equities research analysts have rated the stock with a buy rating, Brookfield Business Partners L.P. Limited Partnership Units currently has a consensus rating of “Buy” and an average target price of $29.66.

Shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) opened at $36.09 on Friday. Brookfield Business Partners L.P. Limited Partnership Units has a 52 week low of $23.66 and a 52 week high of $36.15. The company has a current ratio of 0.87, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45.

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in Brookfield Business Partners L.P. Limited Partnership Units by 10.8% during the 2nd quarter. Northern Trust Corp now owns 18,854 shares of the business services provider’s stock worth $510,000 after acquiring an additional 1,834 shares during the last quarter. Steinberg Global Asset Management boosted its position in 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 worth $487,000 after acquiring an additional 1,937 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in Brookfield Business Partners L.P. Limited Partnership Units during the 3rd quarter worth approximately $113,000. Wells Fargo & Company MN boosted its position in 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 worth $139,000 after acquiring an additional 4,176 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Brookfield Business Partners L.P. Limited Partnership Units by 7.9% during the 3rd quarter. Mackenzie Financial Corp now owns 60,280 shares of the business services provider’s stock worth $1,787,000 after acquiring an additional 4,400 shares during the last quarter. 64.46% of the stock is owned by hedge funds and other institutional investors.

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About Brookfield Business Partners L.P. Limited Partnership Units

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