Brookfield Infrastructure Partners LP (BIP) Receives Consensus Rating of "Buy" from Brokerages

Cornelia Mascio
Settembre 17, 2017

Among 9 analysts covering Brookfield Infrastructure Partners (NYSE:BIP), 6 have Buy rating, 0 Sell and 3 Hold. Short shares decreased 88,446 over that period. Citigroup maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) on Monday, September 19 with "Neutral" rating.

Several analysts have issued reports on the stock.

Brookfield Infrastructure (NYSE:BIP) coverage was started with a key "Buy" rating as well as a $48.0 target price per share at BMO Capital. If you are reading this article on another website, it was stolen and reposted in violation of United States & global copyright legislation. The last stock price is up 5.09% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. Credit Suisse Group reiterated a "buy" rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Wednesday, July 26th. Brookfield Infrastructure Partners had 26 analyst reports since August 6, 2015 according to SRatingsIntel.

Brookfield Infrastructure Partners L.P. has 52 week low of $30.76 and a 52 week high of $44.91 with a PE ratio of 92.59 and has a market capitalization of $0. US Bancorp DE grew its stake in shares of Brookfield Infrastructure Partners by 113.5% in the first quarter. The company has a 50-day moving average of $42.72 and a 200-day moving average of $40.05. Next quarter's EPS is estimated at $0.58 with next year's EPS projected to be $2.31.

These funds have shifted positions in (BIP). Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Sequoia Financial Advisors, LLC trimmed its investment by shedding 746 shares a decrease of 0.3% as of 06/30/2017. The value of the investment in (BIP) went from $1,571,000 to $452,000 a change of $1,119,000 quarter to quarter. Sequoia Financial Advisors, LLC owns 221,852 shares valued at $9,076,000. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider's stock worth $209,000 after acquiring an additional 1,382 shares during the last quarter. The company presently has a consensus rating of "Buy" and an average target price of $45.95. After $0.80 actual earnings per share reported by Brookfield Infrastructure Partners L.P. for the previous quarter, Wall Street now forecasts 2.50 % EPS growth. Stockholders of record on Thursday, August 31st will be given a $0.435 dividend.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Tuttle Tactical Management LLC acquired a new position in Brookfield Infrastructure Partners in the 2nd quarter worth about $666,000. This represents a $1.74 annualized dividend and a dividend yield of 4.13%. Bollard Group LLC increased its position in Brookfield Infrastructure Partners by 1.0% in the second quarter. The ex-dividend date will be Tuesday the 29th of August 2017. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 370.22%.

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. On average, equities research analysts predict that Brookfield Infrastructure Partners LP will post $1.65 earnings per share for the current year. The Company's divisions include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution, electricity transmission and a regulated terminal (coal export terminal).

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