Credit Suisse Group Raises Brookfield Business Partners L.P. Limited Partnership Units (BBU) Price Target to $3.15

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) had its target price lifted by Credit Suisse Group to $3.15 in a report released on Friday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the business services provider’s stock.

BBU has been the topic of several other reports. TheStreet downgraded shares of Brookfield Business Partners L.P. Limited Partnership Units from a c rating to a d rating in a research report on Monday, November 6th. Citigroup assumed coverage on shares of 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 price objective on the stock. Four analysts have rated the stock with a buy rating, Brookfield Business Partners L.P. Limited Partnership Units has an average rating of Buy and an average price target of $30.54.

Shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) opened at $39.00 on Friday. Brookfield Business Partners L.P. Limited Partnership Units has a 52-week low of $23.66 and a 52-week high of $39.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.87.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.25 annualized dividend and a dividend yield of 0.64%.

Several hedge funds have recently made changes to their positions in BBU. CIBC World Markets Inc. bought a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units during the 2nd quarter valued at $1,739,000. Wells Fargo & Company MN raised its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 434.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,137 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 4,176 shares during the period. Northern Trust Corp raised its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 10.8% during the 2nd quarter. Northern Trust Corp now owns 18,854 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 1,834 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units during the 2nd quarter valued at $4,207,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 161.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 268,888 shares of the business services provider’s stock valued at $7,259,000 after purchasing an additional 166,138 shares during the period. Hedge funds and other institutional investors own 64.46% of the company’s stock.

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About Brookfield Business Partners L.P. Limited Partnership Units

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