Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) had its target price reduced by equities researchers at Raymond James from $47.00 to $45.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an "outperform" rating on the utilities provider's stock. Raymond James' price target indicates a potential upside of 28.06% from the stock's previous close.
A number of other research analysts have also recently commented on the company. BMO Capital Markets decreased their price objective on Brookfield Infrastructure Partners from $46.00 to $41.00 and set an "outperform" rating on the stock in a report on Thursday, November 3rd. National Bankshares cut Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $38.00 price objective on the stock. in a report on Friday, November 4th. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Thursday, November 3rd. Finally, National Bank Financial cut Brookfield Infrastructure Partners from an "outperfrom under weight" rating to a "sector perform market weight" rating in a report on Thursday, November 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.02.
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BIP stock opened at $35.14 on Thursday. The business has a 50 day simple moving average of $34.11 and a 200-day simple moving average of $37.04. The firm has a market capitalization of $16.10 billion, a PE ratio of 135.16 and a beta of 0.82. Brookfield Infrastructure Partners has a 1 year low of $30.03 and a 1 year high of $46.01.
Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, November 2nd. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.55). Brookfield Infrastructure Partners had a net margin of 2.80% and a return on equity of 1.56%. The company had revenue of $3.63 billion during the quarter. On average, equities research analysts expect that Brookfield Infrastructure Partners will post 2.7 EPS for the current year.Institutional Trading of Brookfield Infrastructure Partners
A number of large investors have recently modified their holdings of BIP. Fairfield Bush & CO. purchased a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth $81,000. JPMorgan Chase & Co. increased its position in shares of Brookfield Infrastructure Partners by 58.6% during the first quarter. JPMorgan Chase & Co. now owns 6,090 shares of the utilities provider's stock worth $403,000 after acquiring an additional 2,250 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Brookfield Infrastructure Partners by 9.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,645 shares of the utilities provider's stock valued at $904,000 after buying an additional 1,230 shares during the last quarter. Blair William & Co. IL increased its holdings in Brookfield Infrastructure Partners by 8.3% in the first quarter. Blair William & Co. IL now owns 29,899 shares of the utilities provider's stock valued at $1,980,000 after buying an additional 2,287 shares during the last quarter. Finally, Equitable Holdings Inc. purchased a new position in Brookfield Infrastructure Partners in the first quarter valued at $201,000. Hedge funds and other institutional investors own 57.81% of the company's stock.
Brookfield Infrastructure Partners Company Profile
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Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Midstream, Data, and Corporate.
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