Media headlines about Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brookfield Infrastructure Partners earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.5279700507062 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
A number of research firms have commented on BIP. National Bank Financial increased their price target on Brookfield Infrastructure Partners from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Zacks Investment Research cut Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Royal Bank of Canada increased their price target on Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Scotiabank restated an “outperform” rating and issued a $59.50 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, November 28th. Finally, BMO Capital Markets set a $47.00 price objective on Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and a consensus target price of $48.63.
Shares of Brookfield Infrastructure Partners (NYSE BIP) traded up $0.13 during mid-day trading on Monday, reaching $40.64. The company had a trading volume of 376,559 shares, compared to its average volume of 405,023. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $15,640.00, a PE ratio of 1,016.00, a P/E/G ratio of 0.99 and a beta of 0.94. Brookfield Infrastructure Partners has a 52 week low of $35.30 and a 52 week high of $46.88.
Brookfield Infrastructure Partners declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 7th that authorizes the company to buyback 13,820,000 shares. This buyback authorization authorizes the utilities provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.
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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).
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