Brookfield Infrastructure Partners (NYSE:BIP) PT Raised to $39.00

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price raised by analysts at Jefferies Financial Group from $35.00 to $39.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 12.81% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Sunday, September 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

Brookfield Infrastructure Partners Trading Down 1.3 %

Brookfield Infrastructure Partners stock opened at $34.57 on Monday. The firm has a 50-day moving average of $31.98 and a 200-day moving average of $29.94. Brookfield Infrastructure Partners has a one year low of $21.03 and a one year high of $35.48. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 111.52 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80). The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. On average, equities analysts expect that Brookfield Infrastructure Partners will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Synergy Asset Management LLC acquired a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $4,919,000. Forge First Asset Management Inc. raised its stake in shares of Brookfield Infrastructure Partners by 92.5% during the first quarter. Forge First Asset Management Inc. now owns 201,600 shares of the utilities provider’s stock valued at $6,286,000 after acquiring an additional 96,890 shares during the last quarter. Coronation Fund Managers Ltd. raised its stake in shares of Brookfield Infrastructure Partners by 46.4% during the first quarter. Coronation Fund Managers Ltd. now owns 97,038 shares of the utilities provider’s stock valued at $3,029,000 after acquiring an additional 30,737 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at $1,913,000. Finally, AGF Management Ltd. raised its stake in shares of Brookfield Infrastructure Partners by 26.1% during the second quarter. AGF Management Ltd. now owns 3,204,547 shares of the utilities provider’s stock valued at $88,027,000 after acquiring an additional 663,726 shares during the last quarter. Institutional investors and hedge funds 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.