Brookfield Business Partners L.P. (NYSE:BBU) Given Average Rating of “Buy” by Analysts

Brookfield Business Partners L.P. (NYSE:BBU) has been assigned a consensus rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $32.50.

Several analysts recently commented on BBU shares. National Bankshares cut their price objective on shares of Brookfield Business Partners from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. CIBC dropped their price objective on shares of Brookfield Business Partners from $34.00 to $30.00 and set an “outperformer” rating on the stock in a report on Monday, April 28th. Royal Bank Of Canada raised their target price on shares of Brookfield Business Partners from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Desjardins raised their target price on shares of Brookfield Business Partners from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Scotiabank decreased their target price on shares of Brookfield Business Partners from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 5th.

Institutional Investors Weigh In On Brookfield Business Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. BROOKFIELD Corp ON increased its holdings in shares of Brookfield Business Partners by 72.5% in 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 buying an additional 18,549,503 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Brookfield Business Partners by 0.8% in the 4th quarter. Royal Bank of Canada now owns 7,718,131 shares of the business services provider’s stock worth $180,759,000 after buying an additional 64,007 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Brookfield Business Partners by 1.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,102,273 shares of the business services provider’s stock worth $28,344,000 after buying an additional 14,981 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Brookfield Business Partners by 2.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 791,887 shares of the business services provider’s stock worth $18,651,000 after buying an additional 17,912 shares during the last quarter. Finally, AGF Management Ltd. increased its holdings in shares of Brookfield Business Partners by 58.2% in the 1st quarter. AGF Management Ltd. now owns 342,906 shares of the business services provider’s stock worth $8,030,000 after buying an additional 126,189 shares during the last quarter. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Partners Stock Up 0.8%

Shares of Brookfield Business Partners stock opened at $26.73 on Wednesday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.67 and a quick ratio of 1.36. The company has a 50-day moving average of $25.47 and a 200 day moving average of $24.02. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -205.62 and a beta of 1.38. Brookfield Business Partners has a 1 year low of $18.63 and a 1 year high of $27.47.

Brookfield Business Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, August 29th. This represents a $0.25 dividend on an annualized basis and a yield of 0.9%. Brookfield Business Partners’s dividend payout ratio (DPR) is presently -192.31%.

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.