In a report released today, Andrew Kuske from Credit Suisse maintained a Buy rating on Brookfield Infrastructure (BIP – Research Report), with a price target of $44.00. The company’s shares opened today at $31.87.
According to TipRanks, Kuske is a 3-star analyst with an average return of 2.7% and a 50.59% success rate. Kuske covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, TransAlta, and Fortis.
Currently, the analyst consensus on Brookfield Infrastructure is a Strong Buy with an average price target of $42.00.
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Based on Brookfield Infrastructure’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.26 billion and a net profit of $773 million. In comparison, last year the company earned a revenue of $3.68 billion and had a net profit of $441 million
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Brookfield Infrastructure Partners LP is an infrastructure company, which owns and operates assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. It focuses on assets that generate stable cash flows and require minimal maintenance capital expenditures. The company was founded in July 1905 and is headquartered in Hamilton, Bermuda.
Read More on BIP:
- Triton International shareholders approve Brookfield Infrastructure acquisition
- Brookfield Infrastructure Partners upgraded to Buy from Reduce at Veritas
- Brookfield Infrastructure Partners reports Q2 FFO 72c, consensus 66c
- Brookfield Infrastructure Reports Second Quarter 2023 Results
- Brookfield Infrastructure to Issue $700 Million of Medium-Term Notes
