Brookfield Business Corp (NYSE:BBUC) Given Consensus Recommendation of “Hold” by Analysts

Brookfield Business Corp (NYSE:BBUC) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $41.3750.

BBUC has been the subject of a number of analyst reports. Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. National Bank Financial dropped their price target on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Scotiabank reaffirmed an “outperform” rating on shares of Brookfield Business in a research note on Monday, May 11th. Wall Street Zen downgraded Brookfield Business from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, Royal Bank Of Canada dropped their price target on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, May 11th.

Brookfield Business Trading Down 0.5%

Shares of Brookfield Business stock opened at $32.89 on Friday. The firm has a 50-day moving average of $33.36 and a 200-day moving average of $34.29. The stock has a market cap of $6.81 billion, a PE ratio of -73.09 and a beta of 1.24. Brookfield Business has a 52-week low of $27.76 and a 52-week high of $38.25. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.19 and a current ratio of 1.43.

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

Brookfield Business Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.8%. Brookfield Business’s dividend payout ratio is -55.56%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its holdings in Brookfield Business by 73.7% in the 4th quarter. Hsbc Holdings PLC now owns 33,914 shares of the company’s stock valued at $1,211,000 after buying an additional 14,393 shares during the last quarter. Mackenzie Financial Corp increased its position in Brookfield Business by 68.4% during the 4th quarter. Mackenzie Financial Corp now owns 25,942 shares of the company’s stock valued at $931,000 after purchasing an additional 10,536 shares during the period. Odyssean LLC acquired a new stake in Brookfield Business during the 4th quarter valued at approximately $469,000. Millennium Management LLC increased its position in Brookfield Business by 335.6% during the 4th quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock valued at $10,597,000 after purchasing an additional 227,555 shares during the period. Finally, AQR Capital Management LLC increased its position in Brookfield Business by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 23,174 shares of the company’s stock valued at $831,000 after purchasing an additional 6,439 shares during the period. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Company Profile

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.