Stock Tracker: Earnings & Estimates for Brookfield Infrastructure Partners LP (NYSE:BIP)

Cornelia Mascio
Febbraio 22, 2017

There are now 5 brokerage firms covering Brookfield Infrastructure Partners LP, offering earnings per share estimates as well as future price target projections. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.19.

Several brokerages have weighed in on BIP. The Manufacturers Life Insurance Company bought a new position in Brookfield Property Partners L.P. during the third quarter valued at about $293,662,000. Brookfield Infrastructure Partners now has a consensus rating of "Buy" and a consensus price target of $37.83. Credit Suisse Group lowered shares of Brookfield Infrastructure Partners from an "outperform" rating to a "neutral" rating and set a $40.00 target price for the a research note on Friday, February 10th. Raymond James Financial, Inc. raised their price target on Brookfield Infrastructure Partners L.P. from C$39.00 to C$43.00 and gave the stock an "outperform" rating in a report on Thursday. TD Asset Management Inc. raised its stake in Brookfield Infrastructure Partners by 47.8% in the third quarter. Principal Financial Group Inc. now owns 8,041,227 shares of the company's stock valued at $278,544,000 after buying an additional 3,046,215 shares during the last quarter. We in no way are suggesting that readers make any decision on Brookfield Infrastructure Partners LP (NYSE:BIP) based on the information in this report. Neuberger Berman Group LLC now owns 7,228,440 shares of the company's stock valued at $250,394,000 after buying an additional 2,385,498 shares during the last quarter. Brookfield Asset Management Inc. raised its position in Brookfield Property Partners 6.4% in the third quarter. Arthur M. Cohen & Associates LLC bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at $387,000.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) opened at 37.05 on Wednesday. The firm's 50 day moving average is $34.76 and its 200-day moving average is $33.35.

Brookfield Property Partners L.P. has a 12-month low of $18.82 and a 12-month high of $24.98. Compiling all of the recommendations for the firm, Brookfield Infrastructure Partners LP (NYSE:BIP) current has a mean recommendation of 1.57. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.29 by $0.40. Brookfield Infrastructure Partners had a net margin of 22.41% and a return on equity of 5.82%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, February 28th will be given a $0.435 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Friday, February 24th. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.29. Brookfield Infrastructure Partners's payout ratio is presently 139.29%.

10/29/2015 - Brookfield Property Partners L.P. had its "buy" rating reiterated by analysts at Canaccord Genuity. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of USA and worldwide copyright & trademark legislation.

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