Brookfield Business Partners L.P. Limited Partnership Units (BBU) Announces Quarterly Earnings Results

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) released its earnings results on Monday. The business services provider reported ($0.35) EPS for the quarter, Morningstar.com reports. Brookfield Business Partners L.P. Limited Partnership Units had a return on equity of 2.05% and a net margin of 1.30%.

Shares of Brookfield Business Partners L.P. Limited Partnership Units (BBU) traded up $0.74 during midday trading on Monday, reaching $37.06. The company’s stock had a trading volume of 50,726 shares, compared to its average volume of 73,284. The company has a quick ratio of 0.70, a current ratio of 0.87 and a debt-to-equity ratio of 0.45. Brookfield Business Partners L.P. Limited Partnership Units has a 12 month low of $23.82 and a 12 month high of $40.01.

BBU has been the subject of several analyst reports. Citigroup initiated 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 target price for the company. TheStreet cut Brookfield Business Partners L.P. Limited Partnership Units from a “c” rating to a “d” rating in a research note on Monday, November 6th. Scotiabank boosted their target price on Brookfield Business Partners L.P. Limited Partnership Units from $33.50 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Credit Suisse Group boosted their target price on Brookfield Business Partners L.P. Limited Partnership Units to $42.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Finally, Royal Bank of Canada initiated coverage on Brookfield Business Partners L.P. Limited Partnership Units in a research note on Thursday, January 18th. They set a “sector perform” rating and a $41.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Brookfield Business Partners L.P. Limited Partnership Units presently has a consensus rating of “Buy” and an average target price of $41.40.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pinebridge Investments L.P. purchased a new stake in Brookfield Business Partners L.P. Limited Partnership Units during the 3rd quarter worth about $113,000. Wells Fargo & Company MN lifted its holdings 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 buying an additional 4,176 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Brookfield Business Partners L.P. Limited Partnership Units by 1,921.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,155 shares of the business services provider’s stock worth $223,000 after buying an additional 4,900 shares during the last quarter. Jarislowsky Fraser Ltd purchased a new stake in Brookfield Business Partners L.P. Limited Partnership Units during the 3rd quarter worth about $244,000. Finally, Steinberg Global Asset Management lifted its holdings in shares of Brookfield Business Partners L.P. Limited Partnership Units by 13.4% in the 3rd quarter. Steinberg Global Asset Management now owns 16,431 shares of the business services provider’s stock valued at $487,000 after purchasing an additional 1,937 shares during the last quarter. 65.69% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/12/brookfield-business-partners-l-p-limited-partnership-units-bbu-announces-quarterly-earnings-results.html.

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

Earnings History for Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU)

Receive News & Ratings for Brookfield Business Partners L.P. Limited Partnership Units Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Business Partners L.P. Limited Partnership Units and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply