Brookfield Infrastructure Partners (BIP) Stock Rating Reaffirmed by Raymond James

Raymond James reaffirmed their outperform rating on shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) in a report issued on Monday. The brokerage currently has a $51.00 target price on the utilities provider’s stock.

Other equities analysts have also issued research reports about the stock. ValuEngine lowered shares of Brookfield Infrastructure Partners from a hold rating to a sell rating in a research report on Thursday, August 9th. Royal Bank of Canada upped their price target on shares of Brookfield Infrastructure Partners from $47.00 to $49.00 and gave the stock an outperform rating in a research report on Friday, August 3rd. Credit Suisse Group set a $46.00 price target on shares of Brookfield Infrastructure Partners and gave the stock a buy rating in a research report on Thursday, September 13th. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a hold rating to a sell rating in a research report on Monday, September 10th. Finally, Bank of America began coverage on shares of Brookfield Infrastructure Partners in a research report on Tuesday, July 10th. They set a buy rating for the company. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $46.27.

Shares of BIP stock opened at $40.23 on Monday. Brookfield Infrastructure Partners has a one year low of $36.84 and a one year high of $46.88. The company has a market cap of $11.10 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.28 and a beta of 0.96.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Friday, November 2nd. The utilities provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.72 by ($0.82). Brookfield Infrastructure Partners had a return on equity of 3.54% and a net margin of 8.22%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $795.00 million. Equities research analysts expect that Brookfield Infrastructure Partners will post 3.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.88 annualized dividend and a yield of 4.67%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 124.50%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Trust N.A. purchased a new stake in Brookfield Infrastructure Partners during the third quarter worth approximately $217,000. Timber Hill LLC purchased a new stake in Brookfield Infrastructure Partners during the third quarter worth approximately $235,000. Bridges Investment Management Inc. purchased a new stake in Brookfield Infrastructure Partners during the second quarter worth approximately $230,000. Chicago Capital LLC purchased a new stake in Brookfield Infrastructure Partners during the second quarter worth approximately $232,000. Finally, Community Financial Services Group LLC purchased a new stake in Brookfield Infrastructure Partners during the second quarter worth approximately $288,000. Institutional investors own 47.42% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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