Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Monday. CIBC assumed coverage on shares of Brookfield Infrastructure Partners in a research report on Friday, March 16th. They set a “sector outperform” rating and a $47.00 price target for the company. Scotiabank reissued an “outperform” rating and set a $46.75 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, March 7th. Raymond James Financial raised their price target on shares of Brookfield Infrastructure Partners from $48.00 to $51.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Finally, BMO Capital Markets set a $47.00 price target on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.20.
Shares of BIP opened at $41.14 on Tuesday. The company has a market cap of $14,234.68, a P/E ratio of 27.25, a PEG ratio of 1.17 and a beta of 0.96. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.75. Brookfield Infrastructure Partners has a twelve month low of $37.54 and a twelve month high of $46.88.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.46). The firm had revenue of $984.00 million for the quarter, compared to the consensus estimate of $942.00 million. Brookfield Infrastructure Partners had a net margin of 1.95% and a return on equity of 1.29%. sell-side analysts anticipate that Brookfield Infrastructure Partners will post 3.53 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of BIP. The Manufacturers Life Insurance Company grew its position in Brookfield Infrastructure Partners by 73.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,727,514 shares of the utilities provider’s stock worth $167,030,000 after purchasing an additional 1,577,649 shares during the period. Atlantic Trust Group LLC grew its position in Brookfield Infrastructure Partners by 10,420.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,420,635 shares of the utilities provider’s stock worth $61,287,000 after purchasing an additional 1,407,131 shares during the period. Picton Mahoney Asset Management grew its position in Brookfield Infrastructure Partners by 3,652.2% in the 4th quarter. Picton Mahoney Asset Management now owns 776,700 shares of the utilities provider’s stock worth $43,789,000 after purchasing an additional 756,000 shares during the period. Lake Street Advisors Group LLC bought a new stake in Brookfield Infrastructure Partners in the 4th quarter worth approximately $29,886,000. Finally, CIBC World Markets Inc. grew its position in Brookfield Infrastructure Partners by 68.2% in the 4th quarter. CIBC World Markets Inc. now owns 1,396,350 shares of the utilities provider’s stock worth $62,570,000 after purchasing an additional 566,112 shares during the period. 37.59% of the stock is owned by institutional investors and hedge funds.
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Brookfield Infrastructure Partners Company Profile
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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