Brookfield Infrastructure Partners LP (NYSE:BIP) Stock Has Consensus Target Price of $44.78 According to Brokerages

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $45.75.

Several brokerages have issued reports on BIP. National Bank Financial boosted their target price on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Wall Street Zen cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. BMO Capital Markets lifted their price target on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Citigroup reissued a “neutral” rating and set a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, August 3rd. Finally, Morgan Stanley reduced their price objective on Brookfield Infrastructure Partners from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several institutional investors and hedge funds have recently bought and sold shares of BIP. Western Pacific Wealth Management LP acquired a new stake in Brookfield Infrastructure Partners during the third quarter valued at $27,000. Compass Financial Management LLC purchased a new position in Brookfield Infrastructure Partners in the third quarter valued at about $33,000. Allied Private Wealth LLC purchased a new position in Brookfield Infrastructure Partners in the second quarter valued at about $37,000. Bank & Trust Co purchased a new position in Brookfield Infrastructure Partners in the third quarter valued at about $40,000. Finally, NFSG Corp acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Up 0.1%

Shares of BIP opened at $37.38 on Friday. The business’s 50-day moving average price is $36.72 and its 200 day moving average price is $37.46. The stock has a market capitalization of $17.11 billion, a P/E ratio of 60.29 and a beta of 1.06. Brookfield Infrastructure Partners has a 1-year low of $33.21 and a 1-year high of $44.03. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.16 by $0.73. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. Analysts expect that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current year.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.