Brookfield Infrastructure Partners (NYSE:BIP) Coverage Initiated at Credit Suisse Group

Research analysts at Credit Suisse Group began coverage on shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm set a “neutral” rating and a $47.50 price target on the utilities provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 8.85% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Raymond James reissued a “hold” rating on shares of Snc-Lavalin Group in a research report on Wednesday, July 3rd. Industrial Alliance Securities boosted their target price 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. Barclays set a $5.00 target price on Amneal Pharmaceuticals and gave the stock a “hold” rating in a research report on Thursday, July 11th. Finally, National Bank Financial decreased their target price on Canadian Tire from C$170.00 to C$169.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $46.75.

Shares of Brookfield Infrastructure Partners stock opened at $43.64 on Thursday. The company has a market cap of $12.26 billion, a PE ratio of 73.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.91. The stock has a 50-day moving average price of $42.89. Brookfield Infrastructure Partners has a 1 year low of $32.26 and a 1 year high of $44.74. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.93.



Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.04. Brookfield Infrastructure Partners had a net margin of 4.24% and a return on equity of 1.71%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $954.88 million. The company’s revenue was up 57.3% on a year-over-year basis. Research analysts anticipate that Brookfield Infrastructure Partners will post 3.48 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Gradient Investments LLC increased its position in shares of Brookfield Infrastructure Partners by 40.0% during the 2nd quarter. Gradient Investments LLC now owns 1,050 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 300 shares during the last quarter. Sandy Spring Bank purchased a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter valued at about $48,000. Ellis Investment Partners LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter valued at about $51,000. Truvestments Capital LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter valued at about $53,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Brookfield Infrastructure Partners by 51.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 700 shares during the last quarter. 38.94% of the stock is owned by institutional investors and hedge funds.

About Brookfield Infrastructure Partners

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.

Featured Article: How liquidity affects the bid-ask spread

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.