Brookfield Business (NYSE:BBUC) Downgraded to “Hold” Rating by Wall Street Zen

Brookfield Business (NYSE:BBUC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Royal Bank Of Canada cut their price objective on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce set a $41.50 price objective on shares of Brookfield Business in a research report on Monday, May 11th. National Bank Financial cut their price objective on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Brookfield Business in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.38.

Brookfield Business Trading Down 1.7%

Brookfield Business stock opened at $32.79 on Friday. Brookfield Business has a 12-month low of $27.76 and a 12-month high of $38.25. The firm has a market capitalization of $6.79 billion, a PE ratio of -72.87 and a beta of 1.27. The stock’s 50-day moving average price is $33.14. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 2.78.

Brookfield Business (NYSE:BBUC) last released its quarterly earnings data on Friday, May 8th. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $997.69. Brookfield Business had a net margin of 1.28% and a return on equity of 2.33%. The firm had revenue of $6.44 billion during the quarter. As a group, analysts forecast that Brookfield Business will post 5.54 EPS for the current year.

Hedge Funds Weigh In On Brookfield Business

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its position in Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock valued at $262,000 after acquiring an additional 482 shares in the last quarter. Signaturefd LLC lifted its position in shares of Brookfield Business by 29.4% during the fourth quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock worth $108,000 after purchasing an additional 685 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Brookfield Business by 7.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,587 shares of the company’s stock valued at $488,000 after purchasing an additional 993 shares during the period. Mariner LLC boosted its stake in shares of Brookfield Business by 14.3% in the fourth quarter. Mariner LLC now owns 12,099 shares of the company’s stock valued at $434,000 after purchasing an additional 1,515 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Brookfield Business by 6.8% in the third quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock valued at $1,756,000 after purchasing an additional 3,348 shares during the period. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield Business

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.