Brookfield Business (NYSE:BBUC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Brookfield Business (NYSE:BBUC) from a sell rating to a buy rating in a report published on Saturday.

A number of other brokerages have also recently issued reports on BBUC. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Business in a report on Monday, December 29th. Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Brookfield Business Stock Down 0.0%

Shares of Brookfield Business stock opened at $34.45 on Friday. The business’s fifty day moving average is $33.93. The firm has a market capitalization of $3.02 billion, a PE ratio of -132.51 and a beta of 1.32. The company has a current ratio of 0.27, a quick ratio of 0.19 and a debt-to-equity ratio of 2.84. Brookfield Business has a 12 month low of $21.52 and a 12 month high of $38.25.

Brookfield Business Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Brookfield Business’s dividend payout ratio (DPR) is presently -96.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its position in shares of Brookfield Business by 29.4% during the fourth quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock worth $108,000 after acquiring an additional 685 shares in the last quarter. SG Americas Securities LLC bought a new stake in Brookfield Business in the 4th quarter valued at $178,000. Jump Financial LLC bought a new stake in Brookfield Business in the 4th quarter valued at $240,000. Franklin Resources Inc. boosted its stake in Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after purchasing an additional 482 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Brookfield Business in the 4th quarter worth $280,000. 85.04% of the stock is owned by institutional investors and hedge funds.

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.