Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives $42.50 Consensus Target Price from Analysts

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been given an average rating of “Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.50.

Several brokerages have issued reports on BIP. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Scotiabank increased their target price on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Raymond James boosted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. Finally, TD Securities raised their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd.

Brookfield Infrastructure Partners Stock Up 1.8 %

Shares of BIP opened at $30.34 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The business has a fifty day moving average of $31.26 and a 200 day moving average of $32.85. The company has a market cap of $14.08 billion, a PE ratio of 758.56 and a beta of 1.10. Brookfield Infrastructure Partners has a 52-week low of $24.84 and a 52-week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. On average, sell-side analysts expect that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.43 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 5.67%. Brookfield Infrastructure Partners’s dividend payout ratio is 4,300.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BIP. Promus Capital LLC bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc purchased a new stake in Brookfield Infrastructure Partners during the fourth quarter worth $28,000. Dunhill Financial LLC bought a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $30,000. Larson Financial Group LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $30,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Brookfield Infrastructure Partners in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

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.