National Bankshares Increases Brookfield Business Partners (NYSE:BBU) Price Target to $39.00

Brookfield Business Partners (NYSE:BBU) had its target price upped by research analysts at National Bankshares from $33.00 to $39.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. National Bankshares’ price target would indicate a potential upside of 21.14% from the stock’s current price.

Several other analysts have also issued reports on BBU. Royal Bank Of Canada upped their target price on Brookfield Business Partners from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Scotiabank reiterated an “outperform” rating on shares of Brookfield Business Partners in a report on Friday. Wall Street Zen lowered Brookfield Business Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Desjardins upped their target price on Brookfield Business Partners from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Brookfield Business Partners currently has an average rating of “Buy” and an average price target of $35.17.

Brookfield Business Partners Stock Performance

BBU opened at $32.20 on Friday. Brookfield Business Partners has a 52-week low of $18.63 and a 52-week high of $33.05. The firm has a market capitalization of $2.86 billion, a PE ratio of -247.65 and a beta of 1.34. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.36 and a current ratio of 1.67. The business’s 50-day simple moving average is $26.65 and its 200 day simple moving average is $24.79.

Institutional Trading of Brookfield Business Partners

Several institutional investors and hedge funds have recently bought and sold shares of BBU. Bank of America Corp DE increased its stake in shares of Brookfield Business Partners by 30,100.0% during the second quarter. Bank of America Corp DE now owns 1,208 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,204 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Brookfield Business Partners by 11.7% during the first quarter. Bank of New York Mellon Corp now owns 19,802 shares of the business services provider’s stock worth $465,000 after purchasing an additional 2,078 shares during the period. Gold Investment Management Ltd. increased its stake in shares of Brookfield Business Partners by 6.8% during the second quarter. Gold Investment Management Ltd. now owns 41,994 shares of the business services provider’s stock worth $1,092,000 after purchasing an additional 2,685 shares during the period. TD Asset Management Inc increased its stake in shares of Brookfield Business Partners by 2.7% during the first quarter. TD Asset Management Inc now owns 154,820 shares of the business services provider’s stock worth $3,625,000 after purchasing an additional 4,032 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its stake in shares of Brookfield Business Partners by 6.2% during the first quarter. Federation des caisses Desjardins du Quebec now owns 104,106 shares of the business services provider’s stock worth $2,439,000 after purchasing an additional 6,090 shares during the period. 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.