Brookfield Business (NYSE:BBUC) Stock Rating Upgraded by Wall Street Zen
by Scott Moore · The Cerbat GemBrookfield Business (NYSE:BBUC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.
Several other equities analysts have also commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Business in a research note on Monday, December 29th. Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.
View Our Latest Report on BBUC
Brookfield Business Stock Performance
NYSE BBUC opened at $33.42 on Friday. The stock’s fifty day moving average is $33.35. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of -128.52 and a beta of 1.32. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.67 and a quick ratio of 1.39. Brookfield Business has a fifty-two week low of $24.75 and a fifty-two week high of $38.25.
Institutional Investors Weigh In On Brookfield Business
Several institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Brookfield Business by 7.1% in 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. Signaturefd LLC raised its holdings in shares of 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 buying an additional 685 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Brookfield Business by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,587 shares of the company’s stock valued at $488,000 after buying an additional 993 shares during the period. Mariner LLC raised its holdings in shares of Brookfield Business by 14.3% in the 4th quarter. Mariner LLC now owns 12,099 shares of the company’s stock valued at $434,000 after buying an additional 1,515 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Brookfield Business by 6.8% in the 3rd quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock valued at $1,756,000 after buying an additional 3,348 shares during the period. Hedge funds and other institutional investors own 85.04% of the company’s stock.
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.