Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives $42.80 Average Target Price from Analysts

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have earned an average recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.80.

A number of research firms have recently weighed in on BIP. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. TD Securities boosted their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Raymond James raised their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $32.62 on Thursday. The stock has a 50-day moving average of $32.44 and a two-hundred day moving average of $33.07. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The stock has a market cap of $15.14 billion, a P/E ratio of 815.70 and a beta of 1.08. Brookfield Infrastructure Partners has a one year low of $24.84 and a one year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. As a group, research analysts predict that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s payout ratio is currently 4,051.01%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of hedge funds have recently bought and sold shares of the business. Cedar Mountain Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $26,000. Promus Capital LLC acquired a new position in Brookfield Infrastructure Partners during the fourth quarter worth $26,000. Dunhill Financial LLC acquired a new position in Brookfield Infrastructure Partners during the third quarter worth $30,000. Compass Planning Associates Inc purchased a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $28,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $30,000. 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.