Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) had its price objective upped by Royal Bank Of Canada from $44.00 to $45.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the utilities provider’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 11.80% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Barclays PLC reiterated an “equal weight” rating and set a $42.00 target price (up previously from $37.00) on shares of Brookfield Infrastructure Partners in a report on Sunday, April 23rd. Scotiabank boosted their target price on Brookfield Infrastructure Partners from $39.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Credit Suisse Group upgraded Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $44.00 in a report on Friday, June 16th. Zacks Investment Research upgraded Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Friday, June 2nd. Finally, Raymond James Financial, Inc. boosted their target price on Brookfield Infrastructure Partners from $43.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, June 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $45.17.

Shares of Brookfield Infrastructure Partners (NYSE:BIP) remained flat at $40.25 during midday trading on Friday. 167,394 shares of the stock traded hands. The company has a market cap of $10.44 billion, a PE ratio of 35.62 and a beta of 1.11. Brookfield Infrastructure Partners has a 12 month low of $30.76 and a 12 month high of $41.55. The firm has a 50-day moving average of $40.48 and a 200-day moving average of $38.51.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.80 by $0.86. The business had revenue of $934 million during the quarter, compared to analysts’ expectations of $768 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.93%. On average, equities research analysts predict that Brookfield Infrastructure Partners will post $1.38 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in BIP. Partners Value Investments LP bought a new position in Brookfield Infrastructure Partners during the first quarter valued at approximately $128,693,000. Bank of Montreal Can raised its position in Brookfield Infrastructure Partners by 26.7% in the first quarter. Bank of Montreal Can now owns 13,975,593 shares of the utilities provider’s stock valued at $540,437,000 after buying an additional 2,947,311 shares during the period. Montrusco Bolton Investments Inc. raised its position in Brookfield Infrastructure Partners by 46.4% in the first quarter. Montrusco Bolton Investments Inc. now owns 1,812,319 shares of the utilities provider’s stock valued at $69,903,000 after buying an additional 574,812 shares during the period. Arthur M. Cohen & Associates LLC raised its position in Brookfield Infrastructure Partners by 4,017.0% in the second quarter. Arthur M. Cohen & Associates LLC now owns 475,801 shares of the utilities provider’s stock valued at $11,557,000 after buying an additional 464,244 shares during the period. Finally, Bank of America Corp DE raised its position in Brookfield Infrastructure Partners by 15.9% in the first quarter. Bank of America Corp DE now owns 1,342,832 shares of the utilities provider’s stock valued at $51,927,000 after buying an additional 184,597 shares during the period. 33.94% of the stock is currently owned by hedge funds and other institutional investors.

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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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