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

Shares of Brookfield Business Corp (NYSE:BBUC) have earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $41.3750.

Several analysts have recently commented on BBUC shares. Scotiabank reaffirmed an “outperform” rating on shares of Brookfield Business in a research report on Monday, May 11th. National Bank Financial reduced their price objective on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Royal Bank Of Canada reduced their price objective on shares of Brookfield Business from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce set a $41.50 price objective on shares of Brookfield Business in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th.

Hedge Funds Weigh In On Brookfield Business

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

Brookfield Business Stock Performance

NYSE:BBUC opened at $32.89 on Friday. The company has a market capitalization of $6.81 billion, a PE ratio of -73.09 and a beta of 1.24. The company has a 50 day simple moving average of $33.36 and a two-hundred day simple moving average of $34.29. 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 has a fifty-two week low of $27.76 and a fifty-two week high of $38.25.

Brookfield Business (NYSE:BBUC) last announced its quarterly earnings data on Friday, May 8th. The company reported $999.00 EPS for the quarter, topping the consensus estimate 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%. Research analysts anticipate that Brookfield Business will post 5.54 earnings per share for the current year.

Brookfield Business Announces Dividend

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

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.