Brookfield Business Partners L.P. Limited Partnership Units (BBU) Issues Earnings Results

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) announced its quarterly earnings data on Monday. The business services provider reported ($0.35) earnings per share (EPS) for the quarter, Morningstar.com reports. Brookfield Business Partners L.P. Limited Partnership Units had a net margin of 1.30% and a return on equity of 2.05%.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE BBU) opened at $37.06 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.87. Brookfield Business Partners L.P. Limited Partnership Units has a 52-week low of $23.82 and a 52-week high of $40.01.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 1,921.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,155 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 4,900 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 0.8% during the 4th quarter. Toronto Dominion Bank now owns 227,594 shares of the business services provider’s stock valued at $7,849,000 after acquiring an additional 1,786 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 21.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,222,844 shares of the business services provider’s stock valued at $42,213,000 after acquiring an additional 213,570 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 29.3% during the 4th quarter. CIBC Asset Management Inc now owns 2,761,472 shares of the business services provider’s stock valued at $95,501,000 after acquiring an additional 625,736 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 8.4% during the 4th quarter. CIBC World Markets Inc. now owns 163,306 shares of the business services provider’s stock valued at $5,637,000 after acquiring an additional 12,586 shares during the last quarter. Hedge funds and other institutional investors own 65.69% of the company’s stock.

A number of equities research analysts have issued reports on BBU shares. Scotiabank increased their price objective on shares of Brookfield Business Partners L.P. Limited Partnership Units from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, January 23rd. Credit Suisse Group increased their target price on Brookfield Business Partners L.P. Limited Partnership Units to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Citigroup initiated coverage on Brookfield Business Partners L.P. Limited Partnership Units in a research report on Wednesday, December 20th. They set a “buy” rating and a $39.00 target price for the company. Royal Bank of Canada initiated coverage on Brookfield Business Partners L.P. Limited Partnership Units in a research report on Thursday, January 18th. They set a “sector perform” rating and a $41.00 target price for the company. Finally, TheStreet downgraded Brookfield Business Partners L.P. Limited Partnership Units from a “c” rating to a “d” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $41.40.

WARNING: “Brookfield Business Partners L.P. Limited Partnership Units (BBU) Issues Earnings Results” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/13/brookfield-business-partners-l-p-limited-partnership-units-bbu-issues-earnings-results.html.

About Brookfield Business Partners L.P. Limited Partnership Units

Earnings History for Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU)

Receive News & Ratings for Brookfield Business Partners L.P. Limited Partnership Units Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Business Partners L.P. Limited Partnership Units and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply