Royal Bank Of Canada Issues Positive Forecast for Brookfield Infrastructure Partners (NYSE:BIP) Stock Price

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price hoisted by stock analysts at Royal Bank Of Canada from $40.00 to $41.00 in a report released on Friday, Marketbeat.com reports. The firm currently has an “outperform” rating on the utilities provider’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 13.23% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. TD Securities reaffirmed a “buy” rating and set a $57.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday. Jefferies Financial Group set a $37.00 price target on shares of Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research report on Wednesday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday. Morgan Stanley set a $45.00 target price on Brookfield Infrastructure Partners in a research note on Wednesday. Finally, Wall Street Zen raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

Brookfield Infrastructure Partners Trading Down 0.4%

Shares of NYSE BIP traded down $0.14 during mid-day trading on Friday, hitting $36.21. 91,697 shares of the company traded hands, compared to its average volume of 540,523. The business has a 50 day moving average of $34.97 and a two-hundred day moving average of $33.39. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 54.06 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.68. Brookfield Infrastructure Partners has a 1 year low of $25.72 and a 1 year high of $36.81.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Friday, November 7th. The utilities provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $2.05 billion. Brookfield Infrastructure Partners had a return on equity of 2.74% and a net margin of 3.70%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, sell-side analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds have recently bought and sold shares of the business. Westfuller Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the third quarter worth $44,000. Assetmark Inc. lifted its position in Brookfield Infrastructure Partners by 544.1% in the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 1,061 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Brookfield Infrastructure Partners by 45.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 436 shares during the period. Concord Wealth Partners bought a new position in Brookfield Infrastructure Partners in the fourth quarter valued at about $50,000. Finally, City Holding Co. bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.