Brookfield Infrastructure Partners’ (BIP) Outperform Rating Reiterated at National Bank Financial

National Bank Financial restated their outperform rating on shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) in a research report report published on Thursday, BayStreet.CA reports. National Bank Financial currently has a $50.00 price target on the utilities provider’s stock. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ Q3 2019 earnings at $0.85 EPS.

BIP has been the topic of a number of other research reports. Barclays set a $5.00 target price on Amneal Pharmaceuticals and gave the stock a hold rating in a research note on Thursday, July 11th. Raymond James reissued a hold rating on shares of Snc-Lavalin Group in a research report on Wednesday, July 3rd. Credit Suisse Group reissued a buy rating and set a $90.00 price target on shares of Bayerische Motoren Werke in a research report on Thursday. Industrial Alliance Securities increased their price target on Brookfield Infrastructure Partners from $47.00 to $48.00 and gave the stock a buy rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $46.75.

Shares of NYSE BIP opened at $43.64 on Thursday. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 363.67, a P/E/G ratio of 1.06 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.47 and a current ratio of 0.47. Brookfield Infrastructure Partners has a 1-year low of $32.26 and a 1-year high of $44.74. The business’s 50 day moving average price is $42.89.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, May 3rd. The utilities provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $954.88 million. Brookfield Infrastructure Partners had a return on equity of 1.71% and a net margin of 4.24%. The company’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, research analysts predict that Brookfield Infrastructure Partners will post 3.43 earnings per share for the current fiscal year.

The business also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a dividend of $0.502 per share. The ex-dividend date of this dividend was Thursday, May 30th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 340.68%.

A number of large investors have recently modified their holdings of the stock. LPL Financial LLC boosted its position in shares of Brookfield Infrastructure Partners by 9.5% in the 4th quarter. LPL Financial LLC now owns 19,265 shares of the utilities provider’s stock worth $665,000 after buying an additional 1,673 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Brookfield Infrastructure Partners by 51.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock worth $71,000 after buying an additional 700 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Brookfield Infrastructure Partners by 3.8% in the 4th quarter. Bank of America Corp DE now owns 1,530,655 shares of the utilities provider’s stock worth $52,854,000 after buying an additional 55,968 shares in the last quarter. CI Investments Inc. boosted its position in shares of Brookfield Infrastructure Partners by 15.8% in the 4th quarter. CI Investments Inc. now owns 2,239,042 shares of the utilities provider’s stock worth $77,314,000 after buying an additional 304,892 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Brookfield Infrastructure Partners by 109.4% in the 4th quarter. Advisory Services Network LLC now owns 2,639 shares of the utilities provider’s stock worth $91,000 after buying an additional 1,379 shares in the last quarter. 38.94% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The 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 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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