National Bank Financial Forecasts Strong Price Appreciation for Brookfield Infrastructure Partners (NYSE:BIP) Stock

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective upped by National Bank Financial from $43.00 to $44.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. National Bank Financial’s price objective would indicate a potential upside of 5.99% from the company’s current price.

A number of other analysts also recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, July 21st. Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $47.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and an average price target of $45.62.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock traded down $0.88 during trading on Friday, reaching $41.51. 710,341 shares of the stock traded hands, compared to its average volume of 877,725. Brookfield Infrastructure Partners has a 52-week low of $29.63 and a 52-week high of $44.03. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64. The business has a fifty day simple moving average of $38.49 and a two-hundred day simple moving average of $37.48. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 62.94 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $0.82 earnings per share. Sell-side analysts expect that Brookfield Infrastructure Partners will post 3.63 EPS for the current year.

Institutional Trading of Brookfield Infrastructure Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allied Private Wealth LLC bought a new stake in Brookfield Infrastructure Partners in the second quarter worth $37,000. Herbst Group LLC increased its position in Brookfield Infrastructure Partners by 20.8% during the second quarter. Herbst Group LLC now owns 71,740 shares of the utilities provider’s stock valued at $2,618,000 after acquiring an additional 12,370 shares during the last quarter. Rathbones Group PLC raised its stake in shares of Brookfield Infrastructure Partners by 12.0% in the first quarter. Rathbones Group PLC now owns 107,194 shares of the utilities provider’s stock valued at $3,872,000 after acquiring an additional 11,471 shares during the period. Wellington Grp LLC raised its stake in shares of Brookfield Infrastructure Partners by 63.1% in the first quarter. Wellington Grp LLC now owns 15,867 shares of the utilities provider’s stock valued at $573,000 after acquiring an additional 6,140 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Brookfield Infrastructure Partners by 1.4% in the first quarter. Bank of America Corp DE now owns 555,778 shares of the utilities provider’s stock valued at $20,075,000 after acquiring an additional 7,931 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.