Brookfield Infrastructure Partners (NYSE:BIP) Stock Rating Lowered by StockNews.com

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

BIP has been the subject of several other research reports. National Bank Financial cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th. National Bankshares lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price target on the stock. in a report on Tuesday, January 30th. BMO Capital Markets cut their price target on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday. Jefferies Financial Group reduced their price objective on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

Brookfield Infrastructure Partners Stock Up 3.0 %

NYSE:BIP traded up $0.84 during trading hours on Friday, reaching $29.28. The company’s stock had a trading volume of 454,688 shares, compared to its average volume of 515,408. Brookfield Infrastructure Partners has a one year low of $21.03 and a one year high of $37.32. The business’s 50-day moving average is $28.56 and its 200-day moving average is $28.68. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 94.45 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.68 and a quick ratio of 0.64.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 2.05% and a return on equity of 1.24%. The firm had revenue of $4.97 billion during the quarter. Equities research analysts predict that Brookfield Infrastructure Partners will post 3.3 EPS for the current year.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several large investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new position in Brookfield Infrastructure Partners in the fourth quarter valued at about $30,000. Heritage Wealth Advisors bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at about $31,000. WFA Asset Management Corp raised its position in shares of Brookfield Infrastructure Partners by 197.1% in the 1st quarter. WFA Asset Management Corp now owns 1,141 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 757 shares during the period. Rational Advisors LLC bought a new position in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $39,000. Finally, Bromfield Sneider Wealth Advisors acquired a new stake in Brookfield Infrastructure Partners in the first quarter worth $39,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.