Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 12-Month High – Still a Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$55.29 and last traded at C$55.15, with a volume of 210186 shares changing hands. The stock had previously closed at C$53.87.

Brookfield Infrastructure Partners Stock Up 0.1%

The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01. The company has a market capitalization of C$25.31 billion, a PE ratio of 83.02, a P/E/G ratio of -2.12 and a beta of 1.81. The stock has a 50-day moving average of C$50.53 and a 200 day moving average of C$49.98.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C($0.28) EPS for the quarter. The business had revenue of C$8.76 billion for the quarter. Brookfield Infrastructure Partners had a negative net margin of 0.09% and a positive return on equity of 5.21%. Sell-side analysts anticipate that Brookfield Infrastructure Partners L.P. will post 0.9401645 EPS for the current year.

About Brookfield Infrastructure Partners

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.