Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives Consensus Recommendation of “Buy” from Analysts

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been given an average recommendation of “Buy” by the eleven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $56.89.

A number of brokerages have commented on BIP. Raymond James reiterated an “outperform” rating and issued a $65.00 price objective on shares of Brookfield Infrastructure Partners in a report on Thursday, June 3rd. CIBC began coverage on shares of Brookfield Infrastructure Partners in a report on Tuesday, June 22nd. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Monday, May 3rd.

Brookfield Infrastructure Partners stock traded up $0.12 during trading on Friday, reaching $54.26. 2,561 shares of the company’s stock were exchanged, compared to its average volume of 271,899. The business’s 50-day simple moving average is $54.61. Brookfield Infrastructure Partners has a 52-week low of $40.94 and a 52-week high of $56.83. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 104.12 and a beta of 0.77.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, May 6th. The utilities provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.60). Brookfield Infrastructure Partners had a return on equity of 2.37% and a net margin of 4.96%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Research analysts predict that Brookfield Infrastructure Partners will post 3.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Monday, May 31st were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Thursday, May 27th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 277.14%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Reby Advisors LLC bought a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $26,000. RMR Wealth Builders bought a new position in Brookfield Infrastructure Partners in the 1st quarter worth about $28,000. Sound Income Strategies LLC grew its position in Brookfield Infrastructure Partners by 102.7% in the 2nd quarter. Sound Income Strategies LLC now owns 592 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 60.3% in the first quarter. Global Retirement Partners LLC now owns 718 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 270 shares in the last quarter. Finally, Harbour Investments Inc. bought a new position in shares of Brookfield Infrastructure Partners in the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 51.94% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Energy, Data Infrastructure, and Corporate.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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