Brookfield Business Partners (NYSE:BBU) Price Target Raised to $43.00

Brookfield Business Partners (NYSE:BBU) had its price target hoisted by National Bankshares from $39.00 to $43.00 in a report issued on Friday,BayStreet.CA reports. They currently have an outperform rating on the business services provider’s stock.

BBU has been the topic of a number of other reports. Wall Street Zen cut Brookfield Business Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Royal Bank Of Canada boosted their price target on shares of Brookfield Business Partners from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Zacks Research downgraded shares of Brookfield Business Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 30th. Scotiabank set a $39.00 target price on shares of Brookfield Business Partners and gave the company an “outperform” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Business Partners in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Brookfield Business Partners has a consensus rating of “Hold” and a consensus price target of $36.50.

Brookfield Business Partners Stock Performance

NYSE:BBU opened at $30.56 on Friday. The company has a market capitalization of $2.71 billion, a P/E ratio of -16.98 and a beta of 1.39. The business has a fifty day simple moving average of $31.73 and a two-hundred day simple moving average of $27.42. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.28 and a quick ratio of 0.20. Brookfield Business Partners has a 1 year low of $18.63 and a 1 year high of $36.90.

Brookfield Business Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, November 28th. This represents a $0.25 annualized dividend and a yield of 0.8%. Brookfield Business Partners’s payout ratio is presently -13.89%.

Institutional Trading of Brookfield Business Partners

Several institutional investors and hedge funds have recently made changes to their positions in BBU. BROOKFIELD Corp ON grew its position in Brookfield Business Partners by 72.5% in the first quarter. BROOKFIELD Corp ON now owns 44,152,007 shares of the business services provider’s stock worth $1,035,806,000 after acquiring an additional 18,549,503 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in Brookfield Business Partners during the first quarter worth about $3,997,000. Bank of New York Mellon Corp boosted its holdings in shares of Brookfield Business Partners by 11.7% in the 1st quarter. Bank of New York Mellon Corp now owns 19,802 shares of the business services provider’s stock worth $465,000 after purchasing an additional 2,078 shares in the last quarter. AGF Management Ltd. increased its position in shares of Brookfield Business Partners by 58.2% during the 1st quarter. AGF Management Ltd. now owns 342,906 shares of the business services provider’s stock valued at $8,030,000 after purchasing an additional 126,189 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Brookfield Business Partners by 2.7% during the 1st quarter. TD Asset Management Inc now owns 154,820 shares of the business services provider’s stock valued at $3,625,000 after buying an additional 4,032 shares in the last quarter. Hedge funds and other institutional investors own 85.04% of the company’s stock.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.