Brookfield Infrastructure Partners (NYSE:BIP) Stock Price Expected to Rise, TD Securities Analyst Says

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective boosted by equities research analysts at TD Securities from $49.00 to $50.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. TD Securities’ price objective indicates a potential upside of 45.43% from the company’s previous close.

BIP has been the topic of a number of other research reports. Jefferies Financial Group increased their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Brookfield Infrastructure Partners Trading Down 0.8 %

Shares of BIP traded down $0.29 during midday trading on Thursday, hitting $34.38. The stock had a trading volume of 248,360 shares, compared to its average volume of 432,469. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. The stock’s 50 day moving average is $33.90 and its 200 day moving average is $31.10. The firm has a market cap of $15.95 billion, a PE ratio of -202.71 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.98). Brookfield Infrastructure Partners had a return on equity of 0.51% and a net margin of 0.82%. The firm had revenue of $5.27 billion during the quarter. As a group, analysts forecast that Brookfield Infrastructure Partners will post 3.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several hedge funds have recently made changes to their positions in the company. ING Groep NV grew its stake in Brookfield Infrastructure Partners by 16.7% during the 3rd quarter. ING Groep NV now owns 219,452 shares of the utilities provider’s stock valued at $7,690,000 after purchasing an additional 31,452 shares during the last quarter. Empower Advisory Group LLC purchased a new stake in Brookfield Infrastructure Partners in the third quarter valued at approximately $229,000. GSA Capital Partners LLP increased its holdings in Brookfield Infrastructure Partners by 197.9% in the 3rd quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock worth $2,521,000 after buying an additional 47,792 shares during the period. Tacita Capital Inc raised its position in Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock worth $5,173,000 after buying an additional 837 shares during the last quarter. Finally, Colonial River Investments LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $200,000. 57.92% of the stock is owned by institutional investors and hedge funds.

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.