Raymond James Raises Brookfield Infrastructure Partners (NYSE:BIP) Price Target to $46.00

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price target boosted by equities research analysts at Raymond James from $44.00 to $46.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the utilities provider’s stock. Raymond James’ price target would indicate a potential upside of 39.35% from the company’s previous close.

Several other research analysts have also recently weighed in on BIP. TD Securities lifted their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Brookfield Infrastructure Partners Stock Up 2.7 %

NYSE BIP traded up $0.88 during mid-day trading on Thursday, reaching $33.01. The stock had a trading volume of 70,855 shares, compared to its average volume of 343,087. The company has a fifty day moving average price of $32.85 and a 200 day moving average price of $32.93. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The stock has a market cap of $15.32 billion, a PE ratio of -86.91 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that Brookfield Infrastructure Partners will post 3.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC bought a new position in Brookfield Infrastructure Partners during the third quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new stake in Brookfield Infrastructure Partners during the third quarter valued at $30,000. Wingate Wealth Advisors Inc. bought a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $32,000. Stonebridge Financial Group LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 4th quarter worth $44,000. Finally, Truvestments Capital LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $77,000. 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.