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Brookfield Infrastructure Partners L.P. (NYSE:BIP) reached a new 52-week high during trading on Monday , Analyst Ratings Network.com reports. The company traded as high as $42.09 and last traded at $41.90, with a volume of 62,587 shares. The stock had previously closed at $41.68.

A number of research firms have recently commented on BIP. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Brookfield Infrastructure Partners L.P. in a research note on Tuesday, May 6th. Separately, analysts at TD Securities raised their price target on shares of Brookfield Infrastructure Partners L.P. from $44.00 to $45.00 in a research note on Tuesday, May 6th. Finally, analysts at Zacks upgraded shares of Brookfield Infrastructure Partners L.P. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 6th. They now have a $42.40 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Brookfield Infrastructure Partners L.P. presently has a consensus rating of “Buy” and an average target price of $42.73.

The stock’s 50-day moving average is $40.3 and its 200-day moving average is $38.55. The company’s market cap is $6.254 billion.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) last announced its earnings results on Monday, May 5th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.28. On average, analysts predict that Brookfield Infrastructure Partners L.P. will post $1.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Wednesday, May 28th.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) owns and operates utility businesses, transport and energy businesses and timber assets in North and South America, Australasia, and Europe.

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