Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have received a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $46.06.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub downgraded shares of Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Scotiabank upped their price target on shares of Brookfield Infrastructure Partners from $40.00 to $57.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 6th. TD Securities upped their price target 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. Finally, CSFB raised shares of Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $44.00 in a research note on Friday, June 16th.

COPYRIGHT VIOLATION NOTICE: “Brookfield Infrastructure Partners LP (BIP) Receives Consensus Rating of “Buy” from Brokerages” was first reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/09/16/brookfield-infrastructure-partners-lp-bip-receives-consensus-rating-of-buy-from-brokerages.html.

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 42.13 on Friday. Brookfield Infrastructure Partners has a 12-month low of $30.76 and a 12-month high of $44.91. The firm has a market cap of $10.94 billion, a PE ratio of 92.59 and a beta of 1.09. The stock’s 50 day moving average price is $42.77 and its 200 day moving average price is $40.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (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 2.70%. The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. On average, equities research analysts predict that Brookfield Infrastructure Partners will post $1.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Tuesday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 370.22%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in Brookfield Infrastructure Partners by 113.5% in the first quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 1,660 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Brookfield Infrastructure Partners in the first quarter worth $350,000. Private Advisor Group LLC boosted its holdings in Brookfield Infrastructure Partners by 44.5% in the first quarter. Private Advisor Group LLC now owns 15,153 shares of the utilities provider’s stock worth $580,000 after purchasing an additional 4,664 shares in the last quarter. Stifel Financial Corp boosted its holdings in Brookfield Infrastructure Partners by 48.9% in the first quarter. Stifel Financial Corp now owns 18,076 shares of the utilities provider’s stock worth $699,000 after purchasing an additional 5,933 shares in the last quarter. Finally, Kings Point Capital Management boosted its holdings in Brookfield Infrastructure Partners by 2.0% in the first quarter. Kings Point Capital Management now owns 68,750 shares of the utilities provider’s stock worth $2,659,000 after purchasing an additional 1,316 shares in the last quarter. 33.32% of the stock is currently 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. 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.