Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price lowered by National Bank Financial from $48.00 to $46.50 in a research note issued to investors on Wednesday morning. The brokerage currently has an outperform rating on the utilities provider’s stock.
A number of other equities research analysts have also commented on the company. Zacks Investment Research raised Brookfield Infrastructure Partners from a sell rating to a hold rating in a research report on Friday, January 5th. Scotiabank set a $46.75 price target on Brookfield Infrastructure Partners and gave the stock an outperform rating in a research report on Tuesday, January 2nd. Credit Suisse Group reaffirmed a hold rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, December 27th. Finally, Royal Bank of Canada raised their price target on Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the stock an outperform rating in a research report on Monday, November 6th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $48.73.
Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at $40.70 on Wednesday. The company has a market capitalization of $11,338.21, a PE ratio of 151.89, a PEG ratio of 1.00 and a beta of 0.94. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. Brookfield Infrastructure Partners has a 1 year low of $35.17 and a 1 year high of $46.88.
Large investors have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $109,000. Tower Research Capital LLC TRC grew its holdings in shares of Brookfield Infrastructure Partners by 2,000.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider’s stock worth $111,000 after buying an additional 2,000 shares in the last quarter. Waldron LP bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $201,000. Optimum Investment Advisors bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $208,000. Finally, McKinley Carter Wealth Services Inc. bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $210,000. Institutional investors and hedge funds own 45.31% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “National Bank Financial Lowers Brookfield Infrastructure Partners (BIP) Price Target to $46.50” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.com-unik.info/2018/02/08/national-bank-financial-lowers-brookfield-infrastructure-partners-bip-price-target-to-46-50.html.
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).
Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.