Brookfield Business Partners L.P. Limited Partnership Units (BBU) Now Covered by Analysts at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set a “sector perform” rating and a $41.00 price target on the business services provider’s stock. Royal Bank of Canada’s target price indicates a potential upside of 6.49% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Scotiabank upped their price target on shares of Brookfield Business Partners L.P. Limited Partnership Units from $33.50 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Credit Suisse Group upped their price target on shares of Brookfield Business Partners L.P. Limited Partnership Units to $3.15 and gave the stock an “outperform” rating in a report on Friday, January 5th. Citigroup assumed coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units in a report on Wednesday, December 20th. They set a “buy” rating and a $39.00 price target for the company. Finally, TheStreet downgraded shares of Brookfield Business Partners L.P. Limited Partnership Units from a “c” rating to a “d” rating in a report on Monday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Brookfield Business Partners L.P. Limited Partnership Units has an average rating of “Buy” and an average target price of $32.63.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE BBU) traded up $1.19 during midday trading on Thursday, reaching $38.50. The company’s stock had a trading volume of 44,452 shares, compared to its average volume of 47,296. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.87 and a quick ratio of 0.70. Brookfield Business Partners L.P. Limited Partnership Units has a 12-month low of $23.82 and a 12-month high of $39.00.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) last released its earnings results on Monday, November 6th. The business services provider reported $0.08 earnings per share 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%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its holdings in Brookfield Business Partners L.P. Limited Partnership Units by 197.5% in the third quarter. CIBC Asset Management Inc now owns 2,135,736 shares of the business services provider’s stock valued at $63,164,000 after purchasing an additional 1,417,874 shares during the period. Mackenzie Financial Corp increased its holdings in Brookfield Business Partners L.P. Limited Partnership Units by 7.9% in the third quarter. Mackenzie Financial Corp now owns 60,280 shares of the business services provider’s stock valued at $1,787,000 after purchasing an additional 4,400 shares during the period. K.J. Harrison & Partners Inc acquired a new stake in Brookfield Business Partners L.P. Limited Partnership Units in the third quarter valued at $591,000. Hillsdale Investment Management Inc. acquired a new stake in Brookfield Business Partners L.P. Limited Partnership Units in the second quarter valued at $4,207,000. Finally, Burgundy Asset Management Ltd. increased its holdings in Brookfield Business Partners L.P. Limited Partnership Units by 699.7% in the second quarter. Burgundy Asset Management Ltd. now owns 806,993 shares of the business services provider’s stock valued at $32,983,000 after purchasing an additional 706,081 shares during the period. Institutional investors and hedge funds own 64.46% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Brookfield Business Partners L.P. Limited Partnership Units (BBU) Now Covered by Analysts at Royal Bank of Canada” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/21/brookfield-business-partners-l-p-limited-partnership-units-bbu-now-covered-by-analysts-at-royal-bank-of-canada.html.

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

Analyst Recommendations for Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU)

Leave a Reply