Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $45.00 price target on the utilities provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 8.23% from the company’s current price.

According to Zacks, “BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier electricity transmission systems and timberlands in North and South America, and it seeks acquisition opportunities in other infrastructure sectors with similar attributes. “

A number of other analysts have also weighed in on the stock. Barclays PLC restated an “equal weight” rating and issued a $42.00 target price (up previously from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Sunday, April 23rd. Scotiabank raised their target price on shares of Brookfield Infrastructure Partners from $39.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Credit Suisse Group upgraded shares of Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and raised their target price for the company from $40.00 to $44.00 in a research report on Friday, June 16th. Royal Bank Of Canada raised their target price on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Finally, Raymond James Financial, Inc. raised their target price on shares of Brookfield Infrastructure Partners from $43.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 5th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.06.

Brookfield Infrastructure Partners (NYSE:BIP) traded up 3.23% on Monday, reaching $41.55. 497,761 shares of the company traded hands. Brookfield Infrastructure Partners has a 52-week low of $30.76 and a 52-week high of $41.80. The stock has a 50-day moving average of $40.48 and a 200 day moving average of $38.51. The company has a market capitalization of $10.79 billion, a PE ratio of 45.56 and a beta of 1.11.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by $0.86. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The company had revenue of $934 million during the quarter, compared to analyst estimates of $768 million. On average, equities analysts forecast that Brookfield Infrastructure Partners will post $1.38 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in BIP. Isthmus Partners LLC increased its position in shares of Brookfield Infrastructure Partners by 50.0% in the third quarter. Isthmus Partners LLC now owns 3,000 shares of the utilities provider’s stock worth $101,000 after buying an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Brookfield Infrastructure Partners by 7,126.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,035 shares of the utilities provider’s stock worth $105,000 after buying an additional 2,993 shares in the last quarter. Bellwether Investment Group LLC increased its position in shares of Brookfield Infrastructure Partners by 1.2% in the first quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock worth $105,000 after buying an additional 32 shares in the last quarter. Bollard Group LLC increased its position in shares of Brookfield Infrastructure Partners by 1.2% in the second quarter. Bollard Group LLC now owns 2,348 shares of the utilities provider’s stock worth $106,000 after buying an additional 28 shares in the last quarter. Finally, Hudock Capital Group LLC increased its position in shares of Brookfield Infrastructure Partners by 54.7% in the third quarter. Hudock Capital Group LLC now owns 3,227 shares of the utilities provider’s stock worth $111,000 after buying an additional 1,141 shares in the last quarter. 34.06% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Company Profile

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).

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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