Brookfield Business Partners (BBU) Gets a Buy Rating from RBC Capital


In a report issued on July 17, Geoffrey Kwan from RBC Capital maintained a Buy rating on Brookfield Business Partners (BBU), with a price target of $35.00. The company’s shares closed last Friday at $30.11.

According to TipRanks.com, Kwan is a 1-star analyst with an average return of -1.3% and a 39.1% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, Equitable Group, and IGM Financial.

Brookfield Business Partners has an analyst consensus of Strong Buy, with a price target consensus of $34.97.

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Based on Brookfield Business Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $10.15 billion and GAAP net loss of $67 million. In comparison, last year the company earned revenue of $9.2 billion and had a net profit of $32 million.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BBU in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Brookfield Business Partners LP specializes in business services and industrial operations. It operates though the following segments: Business services, Infrastructure services, Industrial operations, and Corporate and other. The Business Services segment relates to residential real estate, facilities management and financial advisory services. The new infrastructure services segment is currently comprised of a global provider of infrastructure services to the power generation industry. The industrial operations segment consists primarily of specialty metal and aggregates mining operations in Canada, select industrial manufacturing operations, comprised principally of the global production of graphite electrodes and the manufacturing of infrastructure support products in Canada, water and wastewater services in Brazil, and natural gas exploration and production. The corporate and other includes corporate cash and liquidity management, as well as activities related to the management of the partnership’s relationship with Brookfield. The company was founded on October 1, 2015 and is headquartered in Hamilton, Bermuda.

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