In a report released yesterday, Robert Kwan from RBC Capital maintained a Buy rating on Brookfield Infrastructure (BIP – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $28.44.
According to TipRanks, Kwan is ranked #227 out of 8742 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Infrastructure with a $39.33 average price target, implying a 38.29% upside from current levels. In a report released yesterday, TD Securities also maintained a Buy rating on the stock with a $49.00 price target.
Based on Brookfield Infrastructure’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.97 billion and a GAAP net loss of $194 million. In comparison, last year the company had a net profit of $565 million
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BIP in relation to earlier this year.
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Brookfield Infrastructure (BIP) Company Description:
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.
