Brookfield Infrastructure Partners (NYSE:BIP) Given New $48.00 Price Target at TD Securities

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective boosted by stock analysts at TD Securities from $47.00 to $48.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the utilities provider’s stock. TD Securities’ target price suggests a potential upside of 9.99% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. Credit Suisse Group reiterated a “buy” rating and issued a $90.00 price objective on shares of Bayerische Motoren Werke in a research report on Thursday. National Bank Financial boosted their target price on Ero Copper from C$21.50 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday. 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. Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $46.75.

Shares of BIP opened at $43.64 on Friday. The company has a fifty day simple moving average of $42.89. 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 has a 52-week low of $32.26 and a 52-week high of $44.74. The company has a market cap of $12.21 billion, a P/E ratio of 363.67, a price-to-earnings-growth ratio of 1.06 and a beta of 0.91.



Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Brookfield Infrastructure Partners had a return on equity of 1.71% and a net margin of 4.24%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $954.88 million. The company’s revenue was up 57.3% on a year-over-year basis. On average, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.43 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Gradient Investments LLC raised its position in shares of Brookfield Infrastructure Partners by 40.0% during the second quarter. Gradient Investments LLC now owns 1,050 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 300 shares during the last quarter. Sandy Spring Bank bought a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth $48,000. Ellis Investment Partners LLC bought a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth $51,000. Truvestments Capital LLC bought a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth $53,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of Brookfield Infrastructure Partners by 51.3% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 38.94% of the company’s stock.

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.

See Also: New Google Finance Tool and Screening Stocks

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.