Brookfield Business (NYSE:BBUC) Upgraded at Scotiabank

Scotiabank upgraded shares of Brookfield Business (NYSE:BBUC) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Business in a research report on Monday, December 29th. Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen raised Brookfield Business from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Brookfield Business presently has a consensus rating of “Hold”.

Brookfield Business Trading Down 0.3%

BBUC opened at $33.42 on Thursday. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.67 and a quick ratio of 1.39. The stock has a market cap of $6.92 billion, a PE ratio of -128.52 and a beta of 1.32. The business has a 50-day moving average price of $33.35. Brookfield Business has a 12-month low of $24.75 and a 12-month high of $38.25.

Brookfield Business Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.25 annualized dividend and a yield of 0.7%. Brookfield Business’s dividend payout ratio is -96.15%.

Hedge Funds Weigh In On Brookfield Business

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBUC. Signaturefd LLC lifted its position in Brookfield Business by 29.4% in the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock valued at $108,000 after acquiring an additional 685 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Brookfield Business during the 4th quarter valued at $178,000. Jump Financial LLC bought a new position in shares of Brookfield Business during the 4th quarter valued at $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 valued at $262,000 after buying an additional 482 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Brookfield Business during the 4th quarter valued at $280,000. 85.04% of the stock is owned by institutional investors.

Brookfield Business Company Profile

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.