Shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price target of $38.00 for the company, according to Zacks. Zacks has also given Brookfield Business Partners L.P. Limited Partnership Units an industry rank of 194 out of 265 based on the ratings given to its competitors.

BBU has been the subject of several recent research reports. TheStreet cut Brookfield Business Partners L.P. Limited Partnership Units from a “c” rating to a “d” rating in a research note on Monday, November 6th. Citigroup initiated coverage on Brookfield Business Partners L.P. Limited Partnership Units in a research note on Wednesday, December 20th. They issued a “buy” rating and a $39.00 price target for the company. Credit Suisse Group increased their price target on Brookfield Business Partners L.P. Limited Partnership Units to $3.15 and gave the company an “outperform” rating in a research note on Friday, January 5th. Finally, Scotiabank increased their price target on Brookfield Business Partners L.P. Limited Partnership Units from $33.50 to $37.00 and gave the company an “outperform” rating in a research note on Friday, January 5th.

Several hedge funds have recently modified their holdings of BBU. Wells Fargo & Company MN grew its stake in Brookfield Business Partners L.P. Limited Partnership Units by 434.5% during the second quarter. Wells Fargo & Company MN now owns 5,137 shares of the business services provider’s stock worth $139,000 after purchasing an additional 4,176 shares during the period. Northern Trust Corp grew its stake in Brookfield Business Partners L.P. Limited Partnership Units by 10.8% during the second quarter. Northern Trust Corp now owns 18,854 shares of the business services provider’s stock worth $510,000 after purchasing an additional 1,834 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Brookfield Business Partners L.P. Limited Partnership Units during the second quarter worth approximately $4,207,000. The Manufacturers Life Insurance Company grew its stake in Brookfield Business Partners L.P. Limited Partnership Units by 161.7% during the second quarter. The Manufacturers Life Insurance Company now owns 268,888 shares of the business services provider’s stock worth $7,259,000 after purchasing an additional 166,138 shares during the period. Finally, Burgundy Asset Management Ltd. grew its stake in Brookfield Business Partners L.P. Limited Partnership Units by 699.7% during the second quarter. Burgundy Asset Management Ltd. now owns 806,993 shares of the business services provider’s stock worth $32,983,000 after purchasing an additional 706,081 shares during the period. 64.46% of the stock is owned by institutional investors.

Shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) traded down $0.07 during mid-day trading on Friday, hitting $37.26. The stock had a trading volume of 24,858 shares, compared to its average volume of 46,711. The firm has a market capitalization of $2,470.00 and a PE ratio of 138.00. The company has a current ratio of 0.87, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. Brookfield Business Partners L.P. Limited Partnership Units has a 12 month low of $23.82 and a 12 month high of $39.00.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.25 annualized dividend and a dividend yield of 0.67%. Brookfield Business Partners L.P. Limited Partnership Units’s payout ratio is 92.59%.

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Brookfield Business Partners L.P. Limited Partnership Units Company Profile

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