Brookfield Business Partners L.P. (NYSE:BBU) Receives Consensus Rating of "Buy" from Analysts

Brookfield Business Partners L.P. (NYSE:BBU - Get Free Report) has received an average recommendation of "Buy" from the six analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.40.

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

Institutional Investors Weigh In On Brookfield Business Partners

A number of large investors have recently added to or reduced their stakes in the stock. Tandem Capital Management Corp ADV boosted its holdings in Brookfield Business Partners by 24.5% during the third quarter. Tandem Capital Management Corp ADV now owns 40,281 shares of the business services provider's stock valued at $890,000 after acquiring an additional 7,939 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Brookfield Business Partners by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider's stock valued at $770,000 after purchasing an additional 608 shares during the period. AYAL Capital Advisors Ltd boosted its stake in Brookfield Business Partners by 97.4% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider's stock valued at $848,000 after purchasing an additional 22,200 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Brookfield Business Partners by 12.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 681,562 shares of the business services provider's stock valued at $12,910,000 after buying an additional 77,017 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Brookfield Business Partners by 3.1% in the 2nd quarter. Bank of Montreal Can now owns 767,726 shares of the business services provider's stock worth $15,036,000 after buying an additional 22,886 shares during the period. Institutional investors own 85.04% of the company's stock.

Brookfield Business Partners Stock Down 2.3 %

Shares of BBU stock traded down $0.50 during trading on Friday, hitting $21.70. 19,714 shares of the company were exchanged, compared to its average volume of 14,118. The business's 50-day simple moving average is $21.99 and its 200 day simple moving average is $20.21. Brookfield Business Partners has a twelve month low of $12.22 and a twelve month high of $24.96. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 3.40 and a beta of 1.45. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.74 and a current ratio of 1.00.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last issued its earnings results on Friday, August 2nd. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.95). Brookfield Business Partners had a net margin of 7.34% and a return on equity of 21.76%. The company had revenue of $11.95 billion for the quarter. During the same period in the prior year, the business earned $0.85 earnings per share. As a group, analysts forecast that Brookfield Business Partners will post 4.52 EPS for the current fiscal year.

Brookfield Business Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.25 annualized dividend and a yield of 1.15%. Brookfield Business Partners's dividend payout ratio (DPR) is currently 3.92%.

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.