Brookfield Business (NYSE:BBUC) Stock Rating Lowered by Wall Street Zen

Brookfield Business (NYSE:BBUC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other research analysts have also recently weighed in on BBUC. National Bank Financial dropped their price objective on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. TD Cowen initiated coverage on Brookfield Business in a research note on Tuesday, June 9th. They issued a “hold” rating and a $34.00 target price on the stock. Scotiabank set a $40.50 target price on Brookfield Business in a report on Friday, July 24th. Canadian Imperial Bank of Commerce set a $41.50 price target on Brookfield Business in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.60.

Brookfield Business Price Performance

Brookfield Business stock opened at $31.14 on Friday. Brookfield Business has a 52 week low of $28.14 and a 52 week high of $38.25. The company has a quick ratio of 1.19, a current ratio of 1.43 and a debt-to-equity ratio of 2.78. The firm’s 50-day simple moving average is $31.65 and its 200 day simple moving average is $33.14. The firm has a market capitalization of $6.45 billion, a PE ratio of -79.85 and a beta of 1.25.

Brookfield Business (NYSE:BBUC) last posted its earnings results on Friday, July 31st. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $6.50 billion during the quarter. Brookfield Business had a net margin of 1.13% and a return on equity of 2.04%. On average, equities research analysts predict that Brookfield Business will post 5.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookfield Business

A number of hedge funds and other institutional investors have recently made changes to their positions in BBUC. Signaturefd LLC boosted its stake in Brookfield Business by 29.4% in the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock worth $108,000 after buying an additional 685 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Brookfield Business during the 4th quarter valued at about $178,000. Jump Financial LLC purchased a new position in shares of Brookfield Business during the 4th quarter worth about $240,000. Franklin Resources Inc. lifted its holdings in shares of Brookfield Business by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after acquiring an additional 482 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Brookfield Business in the fourth quarter worth approximately $280,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.

About Brookfield Business

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.