Scotiabank Raises Brookfield Infrastructure Partners (NYSE:BIP) Price Target to $41.00

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN had its price objective upped by analysts at Scotiabank from $38.00 to $41.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has an "outperform" rating on the utilities provider's stock. Scotiabank's price target would suggest a potential upside of 24.90% from the stock's current price.

Several other analysts have also recently commented on the company. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Raymond James raised their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. TD Securities increased their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $42.50.

Brookfield Infrastructure Partners Stock Down 1.1 %

NYSE BIP traded down $0.35 on Thursday, hitting $32.83. 429,753 shares of the stock traded hands, compared to its average volume of 369,484. The stock has a 50-day moving average of $32.37 and a 200 day moving average of $33.10. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50. The company has a market capitalization of $15.24 billion, a P/E ratio of 820.86 and a beta of 1.08. 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 (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. As a group, analysts expect that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several large investors have recently modified their holdings of BIP. Principal Financial Group Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 12.0% in the fourth quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock valued at $848,018,000 after purchasing an additional 2,866,195 shares in the last quarter. Scotia Capital Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 2.7% in the fourth quarter. Scotia Capital Inc. now owns 6,432,381 shares of the utilities provider's stock valued at $202,492,000 after purchasing an additional 171,748 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Brookfield Infrastructure Partners by 24.6% in the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider's stock valued at $140,273,000 after purchasing an additional 790,078 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Brookfield Infrastructure Partners by 5.4% in the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider's stock valued at $89,362,000 after purchasing an additional 130,371 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 52.1% in the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after purchasing an additional 598,290 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

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.