Brookfield Business Partners L.P. Limited Partnership Units (BBU) Given Consensus Recommendation of “Buy” by Analysts

Shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) have received an average rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $41.40.

A number of equities research analysts recently weighed in on BBU shares. 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. Scotiabank boosted their price objective on shares of Brookfield Business Partners L.P. Limited Partnership Units from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada started coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units in a research report on Thursday, January 18th. They set a “sector perform” rating and a $41.00 price objective for the company. Credit Suisse Group boosted their price objective on shares of Brookfield Business Partners L.P. Limited Partnership Units to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, Citigroup started coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units in a research report on Wednesday, December 20th. They set a “buy” rating and a $39.00 price objective for the company.

Shares of Brookfield Business Partners L.P. Limited Partnership Units (BBU) opened at $36.32 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.87. Brookfield Business Partners L.P. Limited Partnership Units has a 1 year low of $23.82 and a 1 year high of $40.01.

Large investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. bought a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units during the 3rd quarter valued at about $113,000. Wells Fargo & Company MN boosted its stake 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 valued at $139,000 after purchasing an additional 4,176 shares during the period. Tower Research Capital LLC TRC boosted its stake 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 valued at $223,000 after purchasing an additional 4,900 shares during the period. Jarislowsky Fraser Ltd acquired a new position in Brookfield Business Partners L.P. Limited Partnership Units during the 3rd quarter valued at about $244,000. Finally, Steinberg Global Asset Management boosted its stake 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 valued at $487,000 after purchasing an additional 1,937 shares during the period. 65.07% of the stock is owned by institutional investors and hedge funds.

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

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

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