Brookfield Infrastructure Partners LP (BIP) Receives $44.81 Average Price Target from Analysts

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has earned an average rating of “Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $45.81.

A number of analysts recently issued reports on BIP shares. BidaskClub downgraded Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday, June 9th. Zacks Investment Research raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Friday, June 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Wednesday, July 26th. Finally, TD Securities lifted their target price on Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday.

Brookfield Infrastructure Partners (NYSE:BIP) traded up 0.14% during mid-day trading on Friday, hitting $42.51. The stock had a trading volume of 295,015 shares. Brookfield Infrastructure Partners has a 52 week low of $30.76 and a 52 week high of $43.48. The company has a market capitalization of $11.04 billion, a P/E ratio of 93.43 and a beta of 1.11. The stock’s 50-day moving average is $40.84 and its 200 day moving average is $38.80.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.86. The company had revenue of $934 million during the quarter, compared to analyst estimates of $768 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. Equities analysts forecast that Brookfield Infrastructure Partners will post $1.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Infrastructure Partners’s payout ratio is currently 370.22%.

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Several large investors have recently modified their holdings of BIP. Bellwether Investment Group LLC boosted its stake in shares of Brookfield Infrastructure Partners by 1.2% in the first quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock worth $105,000 after buying an additional 32 shares in the last quarter. US Bancorp DE boosted its stake in shares of Brookfield Infrastructure Partners by 113.5% in the first quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock worth $121,000 after buying an additional 1,660 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Brookfield Infrastructure Partners by 1.1% in the first quarter. Bollard Group LLC now owns 3,643 shares of the utilities provider’s stock worth $141,000 after buying an additional 40 shares in the last quarter. Hudock Capital Group LLC boosted its stake in shares of Brookfield Infrastructure Partners by 15.5% in the first quarter. Hudock Capital Group LLC now owns 3,727 shares of the utilities provider’s stock worth $144,000 after buying an additional 500 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth about $203,000. Institutional investors own 34.06% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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