National Bankshares Issues Positive Forecast for Brookfield Business Partners (NYSE:BBU) Stock Price

Brookfield Business Partners (NYSE:BBU) had its target price lifted by equities researchers at National Bankshares from $39.00 to $43.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the business services provider’s stock. National Bankshares’ price objective suggests a potential upside of 40.73% from the company’s previous close.

BBU has been the subject of several other research reports. Zacks Research cut shares of Brookfield Business Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Brookfield Business Partners in a research note on Wednesday, October 8th. Desjardins boosted their price objective on shares of Brookfield Business Partners from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada raised their target price on Brookfield Business Partners from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Wall Street Zen lowered Brookfield Business Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Brookfield Business Partners has a consensus rating of “Hold” and a consensus price target of $36.50.

Brookfield Business Partners Stock Performance

Shares of BBU traded down $3.30 during midday trading on Friday, reaching $30.56. 89,985 shares of the stock were exchanged, compared to its average volume of 32,087. Brookfield Business Partners has a twelve month low of $18.63 and a twelve month high of $36.90. The company has a quick ratio of 1.36, a current ratio of 1.67 and a debt-to-equity ratio of 2.90. The company has a market cap of $2.71 billion, a P/E ratio of -235.04 and a beta of 1.39. The stock’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $27.26.

Institutional Investors Weigh In On Brookfield Business Partners

Institutional investors have recently made changes to their positions in the stock. BROOKFIELD Corp ON grew its holdings in Brookfield Business Partners by 72.5% during the 1st 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 during the period. JPMorgan Chase & Co. grew its position in Brookfield Business Partners by 796.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 322,899 shares of the business services provider’s stock worth $10,530,000 after purchasing an additional 286,872 shares in the last quarter. Triasima Portfolio Management inc. purchased a new position in Brookfield Business Partners in the first quarter worth $3,997,000. Credit Industriel ET Commercial purchased a new position in Brookfield Business Partners in the third quarter valued at about $4,905,000. Finally, Legal & General Group Plc purchased a new stake in Brookfield Business Partners in the second quarter worth $3,373,000. 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.