Brookfield Infrastructure Partners LP (NYSE:BIP)‘s stock had its “buy” rating reissued by stock analysts at Credit Suisse Group AG in a note issued to investors on Tuesday. They presently have a $40.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Barclays PLC restated an “equal weight” rating and set a $42.67 price target (up from $42.00) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. TD Securities restated a “buy” rating and set a $36.00 price target (up from $33.33) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. Zacks Investment Research cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. RBC Capital Markets restated an “outperform” rating and set a $35.33 price target (up from $32.67) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. Finally, BMO Capital Markets restated a “buy” rating and set a $35.33 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$35.77.

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

Brookfield Infrastructure Partners (NYSE:BIP) traded down 2.00% during trading on Tuesday, reaching $33.29. 270,358 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $36.69 and its 200-day moving average price is $30.67. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 37.20 and a beta of 0.97. Brookfield Infrastructure Partners has a 12 month low of $20.33 and a 12 month high of $49.89.

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Brookfield Infrastructure Partners (NYSE:BIP) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.77. The firm had revenue of $462 million for the quarter, compared to analysts’ expectations of $674.50 million. Brookfield Infrastructure Partners had a return on equity of 5.40% and a net margin of 20.77%. On average, equities research analysts anticipate that Brookfield Infrastructure Partners will post $0.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be given a $0.59 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. This represents a $2.36 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Monday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 175.75%.

A number of large investors have recently added to or reduced their stakes in BIP. Optimum Investment Advisors bought a new stake in Brookfield Infrastructure Partners during the second quarter worth approximately $209,000. CI Global Investments Inc. raised its stake in shares of Brookfield Infrastructure Partners by 0.4% in the second quarter. CI Global Investments Inc. now owns 373,565 shares of the company’s stock valued at $16,908,000 after buying an additional 1,382 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Brookfield Infrastructure Partners by 84.1% in the second quarter. Jane Street Group LLC now owns 16,245 shares of the company’s stock valued at $735,000 after buying an additional 7,420 shares in the last quarter. KCG Holdings Inc. raised its stake in shares of Brookfield Infrastructure Partners by 22.9% in the second quarter. KCG Holdings Inc. now owns 6,439 shares of the company’s stock valued at $291,000 after buying an additional 1,201 shares in the last quarter. Finally, Kings Point Capital Management raised its stake in shares of Brookfield Infrastructure Partners by 7.1% in the second quarter. Kings Point Capital Management now owns 39,444 shares of the company’s stock valued at $1,785,000 after buying an additional 2,627 shares in the last quarter. 44.67% of the stock is owned by institutional investors and hedge funds.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include Utilities, Transport, Energy, Communications Infrastructure and Other. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections.

5 Day Chart for NYSE:BIP

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