Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier electricity transmission systems and timberlands in North and South America, and it seeks acquisition opportunities in other infrastructure sectors with similar attributes. “

Several other equities research analysts have also recently weighed in on the company. Raymond James restated an “outperform” rating and set a $49.00 target price on shares of Brookfield Infrastructure Partners in a research note on Thursday, March 21st. Credit Suisse Group set a $46.00 target price on Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research report on Sunday, December 30th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Brookfield Infrastructure Partners has a consensus rating of “Buy” and a consensus price target of $45.56.

NYSE BIP opened at $41.32 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.88. Brookfield Infrastructure Partners has a fifty-two week low of $32.26 and a fifty-two week high of $42.54. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 70.03, a price-to-earnings-growth ratio of 1.20 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Wednesday, February 6th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Brookfield Infrastructure Partners had a return on equity of 2.82% and a net margin of 7.46%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $870.84 million. During the same period in the prior year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 45.1% on a year-over-year basis. As a group, analysts predict that Brookfield Infrastructure Partners will post 3.47 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new position in Brookfield Infrastructure Partners during the 4th quarter worth $31,000. Csenge Advisory Group bought a new position in Brookfield Infrastructure Partners during the 3rd quarter worth $45,000. Bronfman E.L. Rothschild L.P. raised its position in Brookfield Infrastructure Partners by 51.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 700 shares during the last quarter. ERTS Wealth Advisors LLC bought a new position in Brookfield Infrastructure Partners during the 4th quarter worth $72,000. Finally, AlphaMark Advisors LLC raised its position in Brookfield Infrastructure Partners by 88.9% during the 4th quarter. AlphaMark Advisors LLC now owns 2,125 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 1,000 shares during the last quarter. 38.11% of the stock is owned by institutional investors and hedge funds.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The 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 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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