Brookfield Infrastructure Partners (NYSE:BIP) Price Target Increased to $39.00 by Analysts at Jefferies Financial Group

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price boosted by equities research analysts at Jefferies Financial Group from $35.00 to $39.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 12.81% from the company’s previous close.

Several other research firms also recently weighed in on BIP. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Sunday, September 15th. Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $34.57 on Monday. Brookfield Infrastructure Partners has a twelve month low of $21.03 and a twelve month high of $35.48. The firm has a fifty day simple moving average of $31.98 and a 200 day simple moving average of $29.94. The company has a market capitalization of $16.04 billion, a PE ratio of 111.52 and a beta of 1.05. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.58.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.80). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.15 EPS for the current year.

Institutional Trading of Brookfield Infrastructure Partners

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank & Trust Co bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $31,000. Clear Point Advisors Inc. bought a new stake in Brookfield Infrastructure Partners during the 1st quarter worth approximately $33,000. Bromfield Sneider Wealth Advisors bought a new stake in Brookfield Infrastructure Partners during the 1st quarter worth approximately $39,000. Park Place Capital Corp bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $41,000. Finally, Asset Dedication LLC bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. Institutional investors own 57.92% of the company’s stock.

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.