Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) had its price target hoisted by equities research analysts at Scotiabank from $42.50 to $43.50 in a report issued on Friday. The firm currently has an “outperform” rating on the utilities provider’s stock. Scotiabank’s price objective would suggest a potential upside of 8.07% from the stock’s previous close.

Several other analysts have also recently commented on BIP. Royal Bank Of Canada restated a “buy” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, April 7th. Barclays PLC restated an “equal weight” rating and set a $42.00 price objective (up from $37.00) on shares of Brookfield Infrastructure Partners in a research note on Sunday, April 23rd. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Raymond James Financial, Inc. lifted their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, June 5th. Finally, BidaskClub cut shares of Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Brookfield Infrastructure Partners has a consensus rating of “Buy” and an average target price of $45.17.

Shares of Brookfield Infrastructure Partners (BIP) remained flat at $40.25 on Friday. 167,394 shares of the company were exchanged. The company has a market capitalization of $10.44 billion, a PE ratio of 35.62 and a beta of 1.11. Brookfield Infrastructure Partners has a 52 week low of $30.76 and a 52 week high of $41.55. The company 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 announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.80 by $0.86. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.93%. The business had revenue of $934 million for the quarter, compared to analyst estimates of $768 million. On average, equities research analysts expect that Brookfield Infrastructure Partners will post $1.38 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted 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 worth $540,437,000 after buying an additional 2,947,311 shares in the last quarter. Sentry Investments Corp. boosted its position in Brookfield Infrastructure Partners by 4.2% in the first quarter. Sentry Investments Corp. now owns 4,421,590 shares of the utilities provider’s stock worth $170,983,000 after buying an additional 176,900 shares in the last quarter. Partners Value Investments LP bought a new position in Brookfield Infrastructure Partners during the first quarter worth $128,693,000. Montrusco Bolton Investments Inc. boosted 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 worth $69,903,000 after buying an additional 574,812 shares in the last quarter. Finally, First Manhattan Co. boosted its position in Brookfield Infrastructure Partners by 1.3% in the second quarter. First Manhattan Co. now owns 1,632,968 shares of the utilities provider’s stock worth $66,804,000 after buying an additional 20,217 shares in the last quarter. Hedge funds and other institutional investors own 33.94% of the company’s stock.

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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