Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) had its price objective hoisted by research analysts at National Bank Financial from $46.00 to $48.00 in a report issued on Monday. The firm presently has an “outperform” rating on the utilities provider’s stock. National Bank Financial’s price objective suggests a potential upside of 10.52% from the stock’s current price.
A number of other research firms have also issued reports on BIP. BMO Capital Markets initiated coverage on shares of Brookfield Infrastructure Partners in a report on Monday, September 11th. They set an “outperform” rating and a $48.00 price target on the stock. BidaskClub upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Scotiabank restated an “outperform” rating and set a $53.00 price target on shares of Brookfield Infrastructure Partners in a report on Monday, September 18th. Credit Suisse Group initiated coverage on shares of Brookfield Infrastructure Partners in a report on Monday, September 18th. They set a “neutral” rating and a $44.00 price target on the stock. Finally, TD Securities boosted their price target on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $48.88.
Brookfield Infrastructure Partners (NYSE BIP) traded up $1.13 during mid-day trading on Monday, hitting $43.43. 123,698 shares of the stock were exchanged, compared to its average volume of 288,691. Brookfield Infrastructure Partners has a twelve month low of $30.76 and a twelve month high of $44.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $15,970.00, a price-to-earnings ratio of 156.67, a P/E/G ratio of 1.21 and a beta of 1.06.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a net margin of 5.33% and a return on equity of 1.69%. The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. equities research analysts predict that Brookfield Infrastructure Partners will post 3.19 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in Brookfield Infrastructure Partners by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 8,751,437 shares of the utilities provider’s stock valued at $377,532,000 after buying an additional 437,693 shares during the period. Capital World Investors increased its stake in Brookfield Infrastructure Partners by 58.9% in the 2nd quarter. Capital World Investors now owns 5,215,000 shares of the utilities provider’s stock valued at $213,297,000 after buying an additional 1,932,672 shares during the period. First Manhattan Co. increased its stake in Brookfield Infrastructure Partners by 0.4% in the 3rd quarter. First Manhattan Co. now owns 1,639,485 shares of the utilities provider’s stock valued at $70,727,000 after buying an additional 6,517 shares during the period. Geneva Advisors LLC increased its stake in Brookfield Infrastructure Partners by 10.0% in the 2nd quarter. Geneva Advisors LLC now owns 1,430,385 shares of the utilities provider’s stock valued at $58,517,000 after buying an additional 130,105 shares during the period. Finally, CIBC World Markets Inc. acquired a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at approximately $57,006,000. Hedge funds and other institutional investors own 33.72% of the company’s stock.
About Brookfield Infrastructure Partners
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).
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