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

Shares of Brookfield Business Partners L.P. (NYSE:BBU) have been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.40.

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $32.00 price objective on shares of Brookfield Business Partners in a research report on Monday, August 5th.

Brookfield Business Partners Stock Down 0.2 %

Shares of BBU opened at $23.75 on Monday. The company has a market capitalization of $1.76 billion, a P/E ratio of 3.72 and a beta of 1.45. Brookfield Business Partners has a one year low of $12.22 and a one year high of $24.20. The business’s 50 day simple moving average is $20.95 and its 200-day simple moving average is $20.02. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.00 and a quick ratio of 0.74.

Brookfield Business Partners (NYSE:BBU) last announced its earnings results on Friday, August 2nd. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.86 by ($0.95). Brookfield Business Partners had a return on equity of 21.76% and a net margin of 7.34%. The business had revenue of $11.95 billion for the quarter. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts predict that Brookfield Business Partners will post 4.52 EPS for the current fiscal year.

Brookfield Business Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Business Partners’s dividend payout ratio (DPR) is currently 3.92%.

Institutional Trading of Brookfield Business Partners

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in Brookfield Business Partners during the 2nd quarter worth about $307,000. The Manufacturers Life Insurance Company raised its position in Brookfield Business Partners by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider’s stock worth $770,000 after acquiring an additional 608 shares in the last quarter. AYAL Capital Advisors Ltd lifted its stake in Brookfield Business Partners by 97.4% in the second quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider’s stock valued at $848,000 after acquiring an additional 22,200 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of Brookfield Business Partners in the 1st quarter valued at about $1,405,000. Finally, Principal Financial Group Inc. increased its stake in shares of Brookfield Business Partners by 2.0% during the 2nd quarter. Principal Financial Group Inc. now owns 90,242 shares of the business services provider’s stock worth $1,701,000 after purchasing an additional 1,808 shares during the last quarter. Institutional investors and hedge funds 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.