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

Brookfield Business Partners L.P. (NYSE:BBU) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $37.00.

Several equities research analysts recently issued reports on BBU shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Brookfield Business Partners in a research note on Wednesday, October 8th. Scotiabank set a $39.00 price target on Brookfield Business Partners and gave the company an “outperform” rating in a report on Thursday, October 2nd. Royal Bank Of Canada lifted their price target on Brookfield Business Partners from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Zacks Research upgraded shares of Brookfield Business Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, National Bankshares raised their target price on shares of Brookfield Business Partners from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, November 7th.

Brookfield Business Partners Stock Performance

NYSE BBU opened at $36.15 on Friday. The company’s 50 day simple moving average is $34.56 and its two-hundred day simple moving average is $30.92. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.71 and a quick ratio of 1.41. Brookfield Business Partners has a 1 year low of $18.63 and a 1 year high of $37.38. The stock has a market capitalization of $3.17 billion, a PE ratio of -20.08 and a beta of 1.31.

Brookfield Business Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were given a dividend of $0.0625 per share. The ex-dividend date was Friday, November 28th. This represents a $0.25 annualized dividend and a dividend yield of 0.7%. Brookfield Business Partners’s dividend payout ratio (DPR) is -13.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBU. Picton Mahoney Asset Management raised its position in Brookfield Business Partners by 74.4% during the third quarter. Picton Mahoney Asset Management now owns 696,679 shares of the business services provider’s stock valued at $22,849,000 after purchasing an additional 297,180 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Brookfield Business Partners by 796.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 322,899 shares of the business services provider’s stock worth $10,530,000 after purchasing an additional 286,872 shares in the last quarter. Credit Industriel ET Commercial bought a new position in shares of Brookfield Business Partners during the 3rd quarter valued at about $4,905,000. Legal & General Group Plc purchased a new position in shares of Brookfield Business Partners during the 2nd quarter valued at about $3,373,000. Finally, Alberta Investment Management Corp purchased a new position in shares of Brookfield Business Partners during the 3rd quarter valued at about $3,392,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

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.