Brookfield Infrastructure Partners (NYSE:BIP) Stock Price Expected to Rise, TD Securities Analyst Says

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN had its target price boosted by stock analysts at TD Securities from $49.00 to $50.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a "buy" rating on the utilities provider's stock. TD Securities' target price points to a potential upside of 45.43% from the stock's current price.

Several other research firms also recently weighed in on BIP. Jefferies Financial Group lifted their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a research report on Monday, September 30th. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Sunday, September 15th. Finally, Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP traded down $0.29 during midday trading on Thursday, hitting $34.38. 248,360 shares of the company's stock traded hands, compared to its average volume of 432,469. The firm has a fifty day moving average of $33.90 and a 200 day moving average of $31.10. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of -202.71 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Wednesday, November 6th. The utilities provider reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.98). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The business had revenue of $5.27 billion for the quarter. On average, analysts forecast that Brookfield Infrastructure Partners will post 3.15 earnings per share for the current year.

Institutional Trading of Brookfield Infrastructure Partners

Several hedge funds have recently bought and sold shares of BIP. Private Advisor Group LLC lifted its position in shares of Brookfield Infrastructure Partners by 2.2% in the first quarter. Private Advisor Group LLC now owns 37,964 shares of the utilities provider's stock worth $1,185,000 after buying an additional 830 shares in the last quarter. Tranquility Partners LLC increased its position in Brookfield Infrastructure Partners by 1.6% in the first quarter. Tranquility Partners LLC now owns 68,361 shares of the utilities provider's stock worth $2,134,000 after purchasing an additional 1,093 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in Brookfield Infrastructure Partners during the first quarter valued at $247,000. Texas Yale Capital Corp. lifted its position in Brookfield Infrastructure Partners by 10.6% during the first quarter. Texas Yale Capital Corp. now owns 34,903 shares of the utilities provider's stock valued at $1,089,000 after purchasing an additional 3,335 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of Brookfield Infrastructure Partners by 12.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 7,294 shares of the utilities provider's stock worth $228,000 after buying an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.

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