Brookfield Infrastructure Partners (NYSE:BIP) PT Raised to $55.00 at TD Securities

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective increased by research analysts at TD Securities from $53.00 to $55.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the utilities provider’s stock. TD Securities’ price objective suggests a potential upside of 7.55% from the stock’s current price.

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Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada restated an “outperform” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, September 27th. Credit Suisse Group set a $48.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a research report on Monday, September 9th. National Bank Financial restated an “outperform” rating and issued a $50.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Thursday, July 18th. CIBC restated a “hold” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, September 30th. Finally, Barclays boosted their price objective on shares of Brookfield Infrastructure Partners from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $49.91.

Shares of BIP stock traded up $1.01 during mid-day trading on Friday, reaching $51.14. The stock had a trading volume of 291,724 shares, compared to its average volume of 300,249. The stock’s 50-day moving average price is $49.01 and its two-hundred day moving average price is $45.01. Brookfield Infrastructure Partners has a 52-week low of $32.26 and a 52-week high of $51.19. The firm has a market capitalization of $14.01 billion, a PE ratio of 86.68, a price-to-earnings-growth ratio of 1.47 and a beta of 0.81.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.74). Brookfield Infrastructure Partners had a net margin of 3.32% and a return on equity of 1.40%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The business’s revenue for the quarter was up 42.6% compared to the same quarter last year. Equities analysts forecast that Brookfield Infrastructure Partners will post 3.4 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its position in shares of Brookfield Infrastructure Partners by 0.8% during the third quarter. D.A. Davidson & CO. now owns 91,225 shares of the utilities provider’s stock valued at $4,526,000 after buying an additional 693 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Brookfield Infrastructure Partners by 1,648.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,863 shares of the utilities provider’s stock valued at $191,000 after buying an additional 3,642 shares during the period. Brasada Capital Management LP boosted its stake in Brookfield Infrastructure Partners by 4.9% during the third quarter. Brasada Capital Management LP now owns 31,870 shares of the utilities provider’s stock worth $1,581,000 after acquiring an additional 1,500 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in Brookfield Infrastructure Partners by 26.1% during the third quarter. Kayne Anderson Capital Advisors LP now owns 193,500 shares of the utilities provider’s stock worth $9,597,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Alps Advisors Inc. boosted its stake in Brookfield Infrastructure Partners by 2,170.4% during the third quarter. Alps Advisors Inc. now owns 124,850 shares of the utilities provider’s stock worth $6,194,000 after acquiring an additional 119,351 shares in the last quarter. Institutional investors own 46.43% 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.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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