Shares of Brookfield Business Partners LP (NYSE:BBU) have been assigned an average rating of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $48.40.

BBU has been the subject of several research reports. Scotiabank initiated coverage on Brookfield Business Partners in a research report on Wednesday, September 19th. They issued a “hold” rating and a $49.00 target price for the company. Credit Suisse Group initiated coverage on Brookfield Business Partners in a research report on Friday, November 16th. They issued a “buy” rating and a $54.00 target price for the company. Royal Bank of Canada dropped their target price on Brookfield Business Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 6th. ValuEngine downgraded Brookfield Business Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, BMO Capital Markets initiated coverage on Brookfield Business Partners in a research report on Tuesday, November 20th. They issued an “outperform” rating and a $47.00 target price for the company.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp grew its position in Brookfield Business Partners by 21.2% in the 3rd quarter. Mackenzie Financial Corp now owns 106,977 shares of the business services provider’s stock valued at $6,334,000 after acquiring an additional 18,747 shares in the last quarter. Worth Venture Partners LLC acquired a new position in shares of Brookfield Business Partners during the third quarter worth about $104,000. Jane Street Group LLC acquired a new position in shares of Brookfield Business Partners during the third quarter worth about $536,000. PCJ Investment Counsel Ltd. grew its position in shares of Brookfield Business Partners by 89.0% during the third quarter. PCJ Investment Counsel Ltd. now owns 28,350 shares of the business services provider’s stock worth $1,298,000 after buying an additional 13,350 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Brookfield Business Partners by 3.2% during the third quarter. Renaissance Technologies LLC now owns 163,450 shares of the business services provider’s stock worth $7,486,000 after buying an additional 5,100 shares in the last quarter. 75.32% of the stock is owned by institutional investors.

Shares of BBU opened at $37.10 on Wednesday. Brookfield Business Partners has a 12-month low of $29.82 and a 12-month high of $46.55. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 1.15.

Brookfield Business Partners (NYSE:BBU) last issued its quarterly earnings data on Thursday, November 8th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter. The company had revenue of $9.99 billion during the quarter. Brookfield Business Partners had a net margin of 2.27% and a return on equity of 12.62%.

The company also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, November 30th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.67%. The ex-dividend date was Thursday, November 29th.

Brookfield Business Partners Company Profile

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Analyst Recommendations for Brookfield Business Partners (NYSE:BBU)

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