Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 52-Week High – Still a Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$67.32 and last traded at C$49.98, with a volume of 309857 shares. The stock had previously closed at C$49.95.

Brookfield Infrastructure Partners Price Performance

The company has a market cap of C$23.22 billion, a price-to-earnings ratio of 55.66, a P/E/G ratio of -2.12 and a beta of 1.88. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01. The business has a 50-day moving average price of C$48.30 and a 200 day moving average price of C$46.35.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last announced its earnings results on Thursday, January 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. Brookfield Infrastructure Partners had a positive return on equity of 5.21% and a negative net margin of 0.09%.The company had revenue of C$8.32 billion for the quarter. As a group, research analysts expect that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.