Brookfield Infrastructure Partners (NYSE:BIP) Rating Lowered to Sell at StockNews.com

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other analysts have also issued reports on the company. BMO Capital Markets lowered their target price on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities dropped their target price on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Raymond James raised their price target on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. National Bank Financial downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 30th. Finally, Jefferies Financial Group decreased their price objective on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of “Moderate Buy” and a consensus target price of $38.20.

Brookfield Infrastructure Partners Stock Up 3.0 %

BIP traded up $0.84 during mid-day trading on Friday, reaching $29.28. 454,688 shares of the stock were exchanged, compared to its average volume of 515,408. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.64 and a current ratio of 0.68. The company has a 50 day moving average price of $28.56 and a two-hundred day moving average price of $28.68. Brookfield Infrastructure Partners has a 1 year low of $21.03 and a 1 year high of $37.32. The stock has a market capitalization of $13.51 billion, a PE ratio of 94.45 and a beta of 0.99.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The business had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 1.24% and a net margin of 2.05%. As a group, research analysts anticipate that Brookfield Infrastructure Partners will post 3.3 EPS for the current year.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Brookfield Infrastructure Partners during the 4th quarter valued at approximately $30,000. Heritage Wealth Advisors purchased a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $31,000. WFA Asset Management Corp increased its stake in shares of Brookfield Infrastructure Partners by 197.1% during the first quarter. WFA Asset Management Corp now owns 1,141 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 757 shares in the last quarter. Bromfield Sneider Wealth Advisors acquired a new position in shares of Brookfield Infrastructure Partners during the 1st quarter worth about $39,000. Finally, Rational Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at $39,000. 57.92% of the stock is currently owned by institutional investors.

About Brookfield Infrastructure Partners

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.