StockNews.com Upgrades Brookfield Infrastructure Partners (NYSE:BIP) to “Hold”

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other research analysts also recently issued reports about the stock. TD Securities raised their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group upped 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. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $34.20 on Friday. Brookfield Infrastructure Partners has a 52-week low of $24.84 and a 52-week high of $36.50. The stock’s 50-day simple moving average is $34.28 and its 200 day simple moving average is $31.44. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.76 and a current ratio of 0.77. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of -90.00 and a beta of 1.06.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several hedge funds have recently added to or reduced their stakes in BIP. Dunhill Financial LLC bought a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $30,000. National Bank of Canada FI grew its position in Brookfield Infrastructure Partners by 5.4% during the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock valued at $89,362,000 after acquiring an additional 130,371 shares during the last quarter. Voya Financial Advisors Inc. purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter worth approximately $207,000. Stifel Financial Corp lifted its holdings in shares of Brookfield Infrastructure Partners by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 88,198 shares of the utilities provider’s stock worth $3,090,000 after acquiring an additional 1,763 shares during the last quarter. Finally, Ascent Group LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $216,000. 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.