Brookfield Business (NYSE:BBUC) Stock Gets Price Target Reduction from RBC Dominion Securities

Brookfield Business (NYSE:BBUC) had its target price decreased by RBC Dominion Securities from $40.00 to $34.00 in a research note published on Thursday morning,BayStreet reports. RBC Dominion Securities currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings raised shares of Brookfield Business from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. Scotiabank set a $40.50 price objective on shares of Brookfield Business in a report on Friday, July 24th. Royal Bank Of Canada lowered their target price on shares of Brookfield Business from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday. Wall Street Zen lowered Brookfield Business from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, TD Cowen cut their target price on Brookfield Business from $32.00 to $29.00 and set a “hold” rating on the stock in a report on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.83.

Brookfield Business Price Performance

NYSE BBUC opened at $26.56 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $5.46 billion, a PE ratio of -68.09 and a beta of 1.33. The company has a 50 day moving average price of $26.95 and a two-hundred day moving average price of $30.46. Brookfield Business has a 12-month low of $24.80 and a 12-month high of $38.25.

Brookfield Business (NYSE:BBUC) last posted its earnings results on Friday, July 31st. The company reported $0.18 EPS for the quarter. Brookfield Business had a net margin of 1.13% and a return on equity of 2.05%. The company had revenue of $6.50 billion during the quarter. As a group, equities analysts predict that Brookfield Business will post 5.31 earnings per share for the current fiscal year.

Brookfield Business Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, August 31st were paid a dividend of $0.0625 per share. The ex-dividend date was Monday, August 31st. This represents a $0.25 annualized dividend and a yield of 0.9%. Brookfield Business’s dividend payout ratio is presently -64.10%.

Institutional Trading of Brookfield Business

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBUC. Citadel Advisors LLC acquired a new position in shares of Brookfield Business during the second quarter worth approximately $1,140,000. The Manufacturers Life Insurance Company bought a new stake in shares of Brookfield Business in the second quarter valued at approximately $2,283,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Brookfield Business in the second quarter worth $23,247,000. State Street Corp acquired a new stake in shares of Brookfield Business in the second quarter worth $29,617,000. Finally, Tidal Investments LLC acquired a new stake in shares of Brookfield Business in the second quarter worth $529,000. Institutional investors and hedge funds own 85.04% of the company’s stock.

Brookfield Business Company Profile

Brookfield Business Corporation (NYSE: BBUC) is a publicly traded company that provides investors with an alternative way to participate in the operations of Brookfield Business Partners L.P. The corporation’s shares are designed to be economically equivalent to units of Brookfield Business Partners and are supported by the company’s portfolio of operating businesses.

Brookfield Business Partners and its affiliated businesses focus on owning and operating companies in sectors including business services, infrastructure services, healthcare and industrial operations.