Brookfield Business Partners L.P. Limited Partnership Units (BBU) Price Target Raised to $42.00

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) had its price target raised by equities researchers at Royal Bank of Canada from $41.00 to $42.00 in a note issued to investors on Tuesday. The firm presently has a “hold” rating on the business services provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 13.15% from the company’s current price.

BBU has been the topic of several other reports. 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 $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, January 23rd. Credit Suisse Group boosted their target price on 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 assumed coverage on 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 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 stock. Brookfield Business Partners L.P. Limited Partnership Units currently has a consensus rating of “Buy” and a consensus price target of $41.60.

Shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE BBU) opened at $37.12 on Tuesday. 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 52 week low of $23.82 and a 52 week high of $40.01. The firm has a market capitalization of $2,420.00 and a P/E ratio of 137.48.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) last issued its quarterly earnings data on Monday, February 12th. The business services provider reported ($0.35) 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%. The company had revenue of $8.38 billion for the quarter.

Large investors have recently made changes to their positions in the business. Pinebridge Investments L.P. purchased a new position in shares of Brookfield Business Partners L.P. Limited Partnership Units during the third quarter valued at approximately $113,000. Wells Fargo & Company MN boosted its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 434.5% during the second 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. Tower Research Capital LLC TRC boosted its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 1,921.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,155 shares of the business services provider’s stock valued at $223,000 after buying an additional 4,900 shares during the period. Jarislowsky Fraser Ltd purchased a new position in shares of Brookfield Business Partners L.P. Limited Partnership Units during the third quarter valued at approximately $244,000. Finally, Steinberg Global Asset Management boosted its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 13.4% during the third 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. Institutional investors and hedge funds own 65.69% of the company’s stock.

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

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