Credit Suisse Group AG reiterated their buy rating on shares of Brookfield Infrastructure Partners LP (NYSE:BIP) in a research note published on Tuesday morning. Credit Suisse Group AG currently has a $40.00 target price on the stock.

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

A number of other equities research analysts also recently weighed in on BIP. Citigroup Inc. lifted their price target on shares of Brookfield Infrastructure Partners from $31.33 to $35.00 and gave the company a neutral rating in a research report on Monday. RBC Capital Markets reiterated an outperform rating and issued a $35.33 price target (up from $32.67) on shares of Brookfield Infrastructure Partners in a research report on Thursday, August 4th. Royal Bank Of Canada lifted their price target on shares of Brookfield Infrastructure Partners from $32.67 to $35.33 and gave the company an outperform rating in a research report on Thursday, August 4th. Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a hold rating to a sell rating in a research report on Tuesday, July 5th. Finally, TD Securities reiterated a buy rating and issued a $36.00 price target (up from $33.33) on shares of Brookfield Infrastructure Partners in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$35.77.

Brookfield Infrastructure Partners (NYSE:BIP) opened at 33.29 on Tuesday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 37.20 and a beta of 0.97. Brookfield Infrastructure Partners has a 12 month low of $20.33 and a 12 month high of $49.89. The firm has a 50-day moving average price of $36.76 and a 200-day moving average price of $30.73.

Brookfield Infrastructure Partners (NYSE:BIP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.77. The firm earned $462 million during the quarter, compared to the consensus estimate of $674.50 million. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. On average, equities analysts anticipate that Brookfield Infrastructure Partners will post $0.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be paid a $0.59 dividend. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.36 annualized dividend and a dividend yield of 7.09%. Brookfield Infrastructure Partners’s payout ratio is currently 175.75%.

Hedge funds have recently modified their holdings of the company. Wealthsource Partners LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the first quarter valued at $504,000. Sentry Investments Corp. boosted its stake in shares of Brookfield Infrastructure Partners by 221.9% in the first quarter. Sentry Investments Corp. now owns 2,093,336 shares of the company’s stock worth $88,192,000 after buying an additional 1,443,080 shares during the period. Bank of Nova Scotia Trust Co. boosted its stake in shares of Brookfield Infrastructure Partners by 2.9% in the first quarter. Bank of Nova Scotia Trust Co. now owns 37,710 shares of the company’s stock worth $1,589,000 after buying an additional 1,049 shares during the period. Scotia Capital Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 4.3% in the first quarter. Scotia Capital Inc. now owns 525,825 shares of the company’s stock worth $22,133,000 after buying an additional 21,533 shares during the period. Finally, UBS Group AG boosted its stake in shares of Brookfield Infrastructure Partners by 16.8% in the first quarter. UBS Group AG now owns 130,099 shares of the company’s stock worth $5,481,000 after buying an additional 18,692 shares during the period. 44.67% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Company Profile

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. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections.

5 Day Chart for NYSE:BIP

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