Brookfield Infrastructure Partners LP (NYSE:BIP – Get Free Report) (TSE:BIP.UN) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $45.75.
A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley cut their target price on Brookfield Infrastructure Partners from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Wall Street Zen lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Canadian Imperial Bank of Commerce set a $44.00 target price on shares of Brookfield Infrastructure Partners and gave the stock an “outperformer” rating in a research note on Thursday, October 22nd. Finally, Weiss Ratings upgraded Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th.
View Our Latest Research Report on Brookfield Infrastructure Partners
Institutional Investors Weigh In On Brookfield Infrastructure Partners
A number of large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 5.2% in the 2nd quarter. QRG Capital Management Inc. now owns 8,721 shares of the utilities provider’s stock valued at $318,000 after purchasing an additional 433 shares during the period. Janney Montgomery Scott LLC grew its holdings in Brookfield Infrastructure Partners by 2.3% in the first quarter. Janney Montgomery Scott LLC now owns 23,194 shares of the utilities provider’s stock worth $838,000 after purchasing an additional 529 shares during the period. Western Pacific Wealth Management LP purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at $27,000. MGO One Seven LLC lifted its position in Brookfield Infrastructure Partners by 10.0% in the 3rd quarter. MGO One Seven LLC now owns 9,974 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 909 shares in the last quarter. Finally, Allied Private Wealth LLC purchased a new stake in Brookfield Infrastructure Partners during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.
Brookfield Infrastructure Partners Price Performance
Shares of BIP opened at $36.74 on Friday. Brookfield Infrastructure Partners has a fifty-two week low of $33.21 and a fifty-two week high of $44.03. The company’s 50-day moving average is $36.79 and its 200-day moving average is $37.43. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.89 and a quick ratio of 0.84. The firm has a market capitalization of $16.82 billion, a PE ratio of 59.26 and a beta of 1.06.
Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.73. Brookfield Infrastructure Partners had a return on equity of 2.63% and a net margin of 3.51%. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. Equities analysts forecast that Brookfield Infrastructure Partners will post 3.63 EPS for the current year.
About Brookfield Infrastructure Partners
Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.
Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.
Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.
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