Brookfield Infrastructure Partners (NYSE:BIP) Price Target Raised to $46.00

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN had its price target increased by stock analysts at Raymond James from $44.00 to $46.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "strong-buy" rating on the utilities provider's stock. Raymond James' price objective would indicate a potential upside of 40.33% from the stock's previous close.

Several other equities research analysts have also recently weighed in on BIP. TD Securities raised their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. StockNews.com downgraded Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus target price of $42.20.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock traded down $0.79 during mid-day trading on Thursday, reaching $32.78. 268,717 shares of the stock were exchanged, compared to its average volume of 356,116. The company has a market cap of $15.21 billion, a price-to-earnings ratio of -86.26 and a beta of 1.07. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm has a 50-day simple moving average of $32.79 and a 200 day simple moving average of $32.95.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 0.02% and a net margin of 0.03%. On average, sell-side analysts predict that Brookfield Infrastructure Partners will post 3.09 EPS for the current fiscal year.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently modified their holdings of the company. Cedar Mountain Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $26,000. Dunhill Financial LLC bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $30,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $32,000. Stonebridge Financial Group LLC bought a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter worth $44,000. Finally, Truvestments Capital LLC bought a new stake in shares of Brookfield Infrastructure Partners in the third quarter worth $77,000. Institutional investors and hedge funds 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.