Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. TD Securities upped their target price on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Scotiabank upped their target price on shares of Brookfield Infrastructure Partners from $42.50 to $43.50 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Royal Bank Of Canada upped their target price on shares of Brookfield Infrastructure Partners from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.72.

Brookfield Infrastructure Partners (NYSE BIP) traded up 0.14% on Friday, hitting $42.51. The stock had a trading volume of 295,015 shares. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 93.43 and a beta of 1.11. The company’s 50 day moving average price is $40.84 and its 200 day moving average price is $38.80. Brookfield Infrastructure Partners has a 52-week low of $30.76 and a 52-week high of $43.48.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued 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 return on equity of 2.70% and a net margin of 9.36%. The company had revenue of $934 million during the quarter, compared to analyst estimates of $768 million. Analysts expect that Brookfield Infrastructure Partners will post $1.24 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/13/bidaskclub-upgrades-brookfield-infrastructure-partners-lp-nysebip-to-buy.html.

A number of large investors have recently made changes to their positions in BIP. Sentry Investments Corp. increased its stake in shares of 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 valued at $170,983,000 after buying an additional 176,900 shares during the last quarter. Partners Value Investments LP purchased a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth approximately $128,693,000. Montrusco Bolton Investments Inc. increased its stake in shares of 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. First Manhattan Co. increased its stake in shares of 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. Finally, Geneva Advisors LLC increased its stake in shares of Brookfield Infrastructure Partners by 10.0% in the second quarter. Geneva Advisors LLC now owns 1,430,385 shares of the utilities provider’s stock worth $58,517,000 after buying an additional 130,105 shares in the last quarter. 34.06% 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)

Receive News & Ratings for Brookfield Infrastructure Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.