Brookfield Infrastructure Partners (NYSE:BIP) Given "Outperform" Rating at Royal Bank of Canada

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN's stock had its "outperform" rating reiterated by Royal Bank of Canada in a research report issued on Friday,Benzinga reports. They presently have a $40.00 price objective on the utilities provider's stock. Royal Bank of Canada's price target would suggest a potential upside of 22.32% from the stock's current price.

BIP has been the topic of several other reports. Raymond James boosted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 30th. StockNews.com lowered shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Finally, TD Securities lifted their price target 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $42.80.

Brookfield Infrastructure Partners Stock Up 2.1 %

NYSE BIP traded up $0.67 on Friday, hitting $32.70. 699,841 shares of the stock traded hands, compared to its average volume of 387,470. The company has a market capitalization of $15.18 billion, a P/E ratio of 817.75 and a beta of 1.08. The stock has a 50-day moving average of $32.79 and a 200 day moving average of $32.97. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, analysts expect that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Institutional Trading of Brookfield Infrastructure Partners

Several institutional investors and hedge funds have recently bought and sold shares of BIP. Cedar Mountain Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at about $26,000. Compass Planning Associates Inc bought a new position in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $28,000. Dunhill Financial LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $30,000. Wingate Wealth Advisors Inc. bought a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $32,000. Finally, Stonebridge Financial Group LLC bought a new stake in Brookfield Infrastructure Partners during the 4th quarter worth approximately $44,000. Institutional investors own 57.92% of the company's stock.

About Brookfield Infrastructure Partners

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.