Brookfield Business (NYSE:BBUC) Upgraded to “Buy” at Wall Street Zen

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

Several other equities analysts also recently weighed in on BBUC. National Bank Financial cut their target price on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Scotiabank set a $40.50 price objective on shares of Brookfield Business in a research note on Friday. TD Cowen started coverage on Brookfield Business in a research note on Tuesday, June 9th. They set a “hold” rating and a $34.00 target price on the stock. Zacks Research upgraded Brookfield Business from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Brookfield Business has a consensus rating of “Hold” and an average target price of $39.60.

Brookfield Business Stock Up 0.3%

Shares of NYSE:BBUC opened at $31.10 on Friday. The company has a market cap of $6.44 billion, a price-to-earnings ratio of -69.10 and a beta of 1.25. Brookfield Business has a 12 month low of $28.29 and a 12 month high of $38.25. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 2.78. The company has a 50-day moving average price of $31.90 and a 200 day moving average price of $33.34.

Brookfield Business (NYSE:BBUC) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.12). The company had revenue of $6.44 billion for the quarter. Brookfield Business had a net margin of 1.28% and a return on equity of 2.33%. As a group, equities research analysts predict that Brookfield Business will post 5.54 earnings per share for the current year.

Institutional Investors Weigh In On Brookfield Business

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in Brookfield Business in the fourth quarter worth about $1,655,000. Mariner LLC raised its position in shares of Brookfield Business by 14.3% in the 4th 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 last quarter. Susquehanna Advisors Group Inc. purchased a new position in shares of Brookfield Business in the 4th quarter valued at approximately $298,000. Squarepoint Ops LLC acquired a new stake in Brookfield Business in the 4th quarter worth approximately $280,000. Finally, Franklin Resources Inc. boosted its stake in Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after purchasing an additional 482 shares in the last quarter. 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.