Brookfield Infrastructure Partners (BIP) Rating Increased to Hold at Zacks Investment Research

Cornelia Mascio
Aprile 20, 2018

On May, 2 WallStreet expected Brookfield Infrastructure Partners L.P. (NYSE:BIP)'s earnings report, according to Zacks. In Friday, November 3 report TD Securities maintained it with "Buy" rating and $47.0 target. The average 12-month price target among analysts that have updated their coverage on the stock in the past year is $47.23.

A number of research firms have commented on BIP. They issued a "sector outperform" rating and a $47.00 target price for the company. Since November 1, 2017 according to StockzIntelligence Inc Brookfield Infrastructure has 4 analyst reports. On Sunday, November 5 the stock rating was maintained by RBC Capital Markets with "Buy". In Wednesday, November 1 report BMO Capital Markets maintained it with "Buy" rating and $48.0 target.

Among 9 analysts covering Brookfield Infrastructure Partners (NYSE:BIP), 6 have Buy rating, 0 Sell and 3 Hold. On Friday, February 9 BMO Capital Markets maintained the shares of BIP in report with "Buy" rating. Brookfield Renewable Partners has a 12-month low of $26.61 and a 12-month high of $31.85. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $14,196.68, a P/E ratio of 27.13, a PEG ratio of 1.17 and a beta of 0.96. Analysts predict $0.86 earnings per share, which is $0.15 up or 21.13 % from 2017's $0.71 earnings per share. The company had revenue of $677 million for the quarter, compared to analysts' expectations of $699.25 million. Brookfield Infrastructure Partners had a return on equity of 1.29% and a net margin of 1.95%.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, February 28th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Tuesday, February 27th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 124.50%.

A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookfield Infrastructure Partners by 73.4% in the 4th quarter. About 162,653 shares traded. First Manhattan Co. lifted its holdings in shares of Brookfield Infrastructure Partners by 6.7% in the 4th quarter. Institutional investors own 37.59% of the company's stock. Cetera Advisor Networks LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $209,000. The stock decreased 2.12% or $0.45 during the last trading session, reaching $20.8. CIBC World Markets Inc. now owns 1,396,350 shares of the utilities provider's stock worth $62,570,000 after purchasing an additional 566,112 shares during the last quarter. BIP touched $40.96 during the last trading session after $0.02 change.Brookfield Infrastructure Partners L.P. has volume of 168,173 shares. If you are reading this article on another publication, it was stolen and republished in violation of United States and global copyright & trademark legislation.

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses.The company has $16.14 billion market cap. The company??s Utilities segment operates a port facility that exports metallurgical and thermal coal mined in the central Bowen Basin region of Queensland, Australia; approximately 11,200 kilometers of transmission lines in North and South America; and approximately 2.8 million electricity and natural gas connections in the United Kingdom and Colombia.Currently it has negative earnings.

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