Brookfield Infrastructure (NYSE:BIPC) Stock Rating Upgraded by Wall Street Zen

Brookfield Infrastructure (NYSE:BIPC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Wednesday, June 24th. Morgan Stanley reiterated an “underweight” rating and issued a $48.00 price objective on shares of Brookfield Infrastructure in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, Brookfield Infrastructure presently has a consensus rating of “Sell” and an average price target of $48.00.

Brookfield Infrastructure Stock Performance

NYSE BIPC opened at $42.27 on Friday. Brookfield Infrastructure has a 52-week low of $34.18 and a 52-week high of $51.72. The company has a 50-day simple moving average of $40.40 and a 200 day simple moving average of $42.68. The company has a market capitalization of $5.20 billion, a PE ratio of 30.85 and a beta of 1.32.

Brookfield Infrastructure (NYSE:BIPC) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.56) EPS for the quarter. The business had revenue of $940.00 million for the quarter.

Hedge Funds Weigh In On Brookfield Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIPC. Caitong International Asset Management Co. Ltd increased its stake in shares of Brookfield Infrastructure by 1,125.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Brookfield Infrastructure by 338.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock valued at $26,000 after buying an additional 548 shares in the last quarter. Motiv8 Investments LLC bought a new position in Brookfield Infrastructure in the 4th quarter worth approximately $34,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Brookfield Infrastructure in the 4th quarter worth approximately $42,000. Finally, Johnson Financial Group Inc. grew its stake in Brookfield Infrastructure by 260.7% in the 3rd quarter. Johnson Financial Group Inc. now owns 1,147 shares of the company’s stock valued at $47,000 after buying an additional 829 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

About Brookfield Infrastructure

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.