Brookfield Business (NYSE:BBUC) Upgraded at Wall Street Zen

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

BBUC has been the topic of a number of other reports. Zacks Research upgraded shares of Brookfield Business from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings downgraded shares of Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Scotiabank reiterated an “outperform” rating on shares of Brookfield Business in a report on Monday, May 11th. National Bank Financial reduced their price target on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada decreased their price target on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Brookfield Business presently has a consensus rating of “Hold” and a consensus target price of $41.38.

Brookfield Business Price Performance

NYSE:BBUC opened at $32.89 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.43 and a debt-to-equity ratio of 2.78. Brookfield Business has a 12-month low of $27.76 and a 12-month high of $38.25. The stock’s fifty day simple moving average is $33.36 and its 200-day simple moving average is $34.31. The firm has a market capitalization of $6.81 billion, a P/E ratio of -73.09 and a beta of 1.24.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Millennium Management LLC raised its position in Brookfield Business by 335.6% during the fourth quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock worth $10,597,000 after acquiring an additional 227,555 shares in the last quarter. HRT Financial LP boosted its stake in Brookfield Business by 384.1% in the 4th quarter. HRT Financial LP now owns 74,225 shares of the company’s stock valued at $2,663,000 after purchasing an additional 58,891 shares during the period. Los Angeles Capital Management LLC bought a new stake in Brookfield Business in the 4th quarter valued at $1,655,000. Marshall Wace LLP acquired a new position in Brookfield Business in the 4th quarter valued at $1,402,000. Finally, Qube Research & Technologies Ltd bought a new position in Brookfield Business during the 3rd quarter worth $907,000. 85.04% of the stock is owned by institutional investors and hedge funds.

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.