Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have earned an average rating of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $47.11.
Several research analysts have recently commented on the company. Royal Bank of Canada boosted their price target on Brookfield Infrastructure Partners from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Friday, August 3rd. ValuEngine lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Zacks Investment Research raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Monday, April 16th. Bank of America initiated coverage on Brookfield Infrastructure Partners in a report on Tuesday, July 10th. They set a “buy” rating on the stock. Finally, Scotiabank reissued an “outperform” rating and set a $46.75 price target on shares of Brookfield Infrastructure Partners in a report on Thursday, May 3rd.
NYSE BIP traded down $0.30 during trading on Tuesday, hitting $40.70. 188,726 shares of the stock traded hands, compared to its average volume of 214,353. The stock has a market capitalization of $14.17 billion, a PE ratio of 43.16, a P/E/G ratio of 1.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.42 and a quick ratio of 0.42. Brookfield Infrastructure Partners has a 12-month low of $37.27 and a 12-month high of $46.88.
Institutional investors and hedge funds have recently made changes to their positions in the business. WealthPLAN Partners LLC acquired a new position in Brookfield Infrastructure Partners during the first quarter valued at approximately $204,000. Csenge Advisory Group bought a new stake in Brookfield Infrastructure Partners in the 1st quarter worth approximately $227,000. Chicago Capital LLC bought a new stake in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $232,000. Community Financial Services Group LLC bought a new stake in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $288,000. Finally, Cypress Wealth Services LLC bought a new stake in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $301,000. 38.42% of the stock is currently owned by institutional investors.
About Brookfield Infrastructure Partners
Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.
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