Brookfield Business Partners L.P. (NYSE:BBU) Receives $43.00 Average PT from Analysts

Shares of Brookfield Business Partners L.P. (NYSE:BBU) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $43.00.

BBU has been the topic of several analyst reports. Desjardins lifted their price target on shares of Brookfield Business Partners from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Business Partners in a report on Wednesday, January 21st. BMO Capital Markets lifted their price objective on Brookfield Business Partners from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Scotiabank reaffirmed an “outperform” rating on shares of Brookfield Business Partners in a report on Monday, February 2nd. Finally, Royal Bank Of Canada upped their price target on Brookfield Business Partners from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Brookfield Business Partners by 636.4% in the second quarter. JPMorgan Chase & Co. now owns 36,027 shares of the business services provider’s stock worth $934,000 after buying an additional 31,135 shares in the last quarter. Bank of America Corp DE lifted its holdings in Brookfield Business Partners by 30,100.0% in the second quarter. Bank of America Corp DE now owns 1,208 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,204 shares during the last quarter. Gold Investment Management Ltd. grew its holdings in shares of Brookfield Business Partners by 5.4% during the 3rd quarter. Gold Investment Management Ltd. now owns 44,270 shares of the business services provider’s stock worth $1,452,000 after purchasing an additional 2,276 shares during the period. TD Waterhouse Canada Inc. boosted its stake in Brookfield Business Partners by 1.6% during the third quarter. TD Waterhouse Canada Inc. now owns 1,119,781 shares of the business services provider’s stock worth $35,513,000 after buying an additional 17,508 shares during the period. Finally, Credit Industriel ET Commercial acquired a new stake in Brookfield Business Partners in the 3rd quarter valued at approximately $4,905,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.

Brookfield Business Partners Price Performance

Shares of BBU opened at $31.46 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.19 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $2.76 billion, a P/E ratio of -121.00 and a beta of 1.30. The firm has a fifty day moving average price of $32.07 and a 200-day moving average price of $33.86. Brookfield Business Partners has a 12-month low of $20.62 and a 12-month high of $37.75.

Brookfield Business Partners (NYSE:BBU) last issued its earnings results on Friday, January 30th. The business services provider reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($1.86). The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Brookfield Business Partners had a return on equity of 2.67% and a net margin of 1.41%. Equities research analysts expect that Brookfield Business Partners will post 5.25 earnings per share for the current year.

Brookfield Business Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. Brookfield Business Partners’s dividend payout ratio (DPR) is currently -96.15%.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. (NYSE: BBU) is a publicly traded partnership sponsored by Brookfield Asset Management. The company focuses on acquiring and operating high-quality businesses across a range of industrial and service-oriented sectors. Through a partnership structure, Brookfield Business Partners seeks to provide investors with returns generated from stable, cash-flowing enterprises that benefit from Brookfield Asset Management’s global scale and operational expertise.

The company’s investment strategy centers on businesses within the industrial services, manufacturing, transportation, and business services segments.