Brookfield Business Partners (NYSE:BBU) Stock Price Expected to Rise, National Bankshares Analyst Says

Brookfield Business Partners (NYSE:BBU) had its price target increased by analysts at National Bankshares from $43.00 to $44.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. National Bankshares’ price objective indicates a potential upside of 22.60% from the stock’s previous close.

Several other research analysts also recently commented on BBU. Zacks Research raised Brookfield Business Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada lifted their price objective on Brookfield Business Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Business Partners in a research report on Wednesday, January 21st. Scotiabank restated an “outperform” rating on shares of Brookfield Business Partners in a research report on Monday. Finally, BMO Capital Markets upped their target price on shares of Brookfield Business Partners from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.67.

Brookfield Business Partners Stock Up 1.2%

BBU opened at $35.89 on Tuesday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -138.04 and a beta of 1.31. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.41 and a current ratio of 0.27. The firm’s 50-day simple moving average is $35.45 and its 200-day simple moving average is $31.81. Brookfield Business Partners has a twelve month low of $18.63 and a twelve month high of $37.38.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings results on Friday, January 30th. The business services provider reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($1.86). The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $3.46 billion. Brookfield Business Partners had a net margin of 1.41% and a return on equity of 2.67%. Equities research analysts anticipate that Brookfield Business Partners will post 5.25 EPS for the current fiscal year.

Institutional Trading of Brookfield Business Partners

Several institutional investors and hedge funds have recently made changes to their positions in BBU. Bank of America Corp DE boosted its position in shares of Brookfield Business Partners by 30,100.0% in the 2nd quarter. Bank of America Corp DE now owns 1,208 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,204 shares during the last quarter. Intact Investment Management Inc. bought a new stake in Brookfield Business Partners in the fourth quarter valued at about $71,000. Guardian Partners Inc. acquired a new position in Brookfield Business Partners in the third quarter valued at about $221,000. Rathbones Group PLC bought a new position in Brookfield Business Partners during the second quarter worth about $265,000. Finally, Cumberland Partners Ltd bought a new position in Brookfield Business Partners during the third quarter worth about $318,000. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. (NYSE: BBU) is a publicly traded partnership sponsored by Brookfield Asset Management. The company focuses on acquiring and operating high-quality businesses across a range of industrial and service-oriented sectors. Through a partnership structure, Brookfield Business Partners seeks to provide investors with returns generated from stable, cash-flowing enterprises that benefit from Brookfield Asset Management’s global scale and operational expertise.

The company’s investment strategy centers on businesses within the industrial services, manufacturing, transportation, and business services segments.