Brookfield Business Partners (NYSE:BBU) Stock Rating Upgraded by Zacks Research

Brookfield Business Partners (NYSE:BBU) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Scotiabank set a $39.00 target price on shares of Brookfield Business Partners and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Wall Street Zen cut shares of Brookfield Business Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Business Partners in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their target price on Brookfield Business Partners from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Desjardins increased their target price on Brookfield Business Partners from $31.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.50.

Brookfield Business Partners Stock Performance

NYSE:BBU opened at $31.80 on Tuesday. Brookfield Business Partners has a 1-year low of $18.63 and a 1-year high of $36.90. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.71 and a quick ratio of 0.20. The firm’s fifty day moving average price is $32.01 and its 200 day moving average price is $27.59. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -17.67 and a beta of 1.39.

Institutional Investors Weigh In On Brookfield Business Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Brookfield Business Partners by 30,100.0% in the 2nd quarter. Bank of America Corp DE now owns 1,208 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,204 shares during the last quarter. Guardian Partners Inc. bought a new stake in shares of Brookfield Business Partners in the third quarter worth $221,000. Cumberland Partners Ltd acquired a new stake in Brookfield Business Partners in the third quarter valued at $318,000. Rathbones Group PLC acquired a new stake in shares of Brookfield Business Partners in the 2nd quarter valued at about $265,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in Brookfield Business Partners in the second quarter valued at about $391,000. 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.