Brookfield Business Corp (NYSE:BBUC) Given Consensus Rating of “Hold” by Brokerages

Shares of Brookfield Business Corp (NYSE:BBUC) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.90.

Several equities analysts have recently issued reports on the company. TD Cowen assumed coverage on Brookfield Business in a research note on Tuesday, June 9th. They issued a “hold” rating and a $34.00 price target on the stock. Zacks Research upgraded Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Canadian Imperial Bank of Commerce set a $41.50 price target on Brookfield Business in a research note on Monday, May 11th. Weiss Ratings lowered Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Finally, National Bank Financial decreased their price target on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th.

Institutional Investors Weigh In On Brookfield Business

Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of Brookfield Business by 7.1% during 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 boosted its holdings in shares of Brookfield Business by 29.4% during the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock valued at $108,000 after acquiring an additional 685 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Brookfield Business by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,587 shares of the company’s stock valued at $488,000 after acquiring an additional 993 shares in the last quarter. Mariner LLC boosted its holdings in shares of Brookfield Business by 14.3% during the 4th quarter. Mariner LLC now owns 12,099 shares of the company’s stock valued at $434,000 after acquiring an additional 1,515 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Brookfield Business by 6.8% during the 3rd quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock valued at $1,756,000 after acquiring an additional 3,348 shares in the last quarter. Institutional investors and hedge funds own 85.04% of the company’s stock.

Brookfield Business Trading Up 1.9%

Shares of BBUC opened at $29.87 on Wednesday. Brookfield Business has a 52-week low of $28.29 and a 52-week high of $38.25. The business’s fifty day moving average is $32.85 and its 200-day moving average is $34.00. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.19 and a current ratio of 1.43. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of -66.37 and a beta of 1.24.

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

Brookfield Business Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. Brookfield Business’s dividend payout ratio (DPR) is -55.56%.

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.