Brookfield Infrastructure Partners (NYSE: BIP) has recently received a number of price target changes and ratings updates:

  • 10/3/2017 – Brookfield Infrastructure Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. 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. “
  • 9/18/2017 – Brookfield Infrastructure Partners is now covered by analysts at Credit Suisse Group. They set a “neutral” rating and a $44.00 price target on the stock.
  • 9/18/2017 – Brookfield Infrastructure Partners had its “outperform” rating reaffirmed by analysts at Scotiabank. They now have a $53.00 price target on the stock.
  • 9/18/2017 – Brookfield Infrastructure Partners had its price target raised by analysts at TD Securities to $57.00. They now have a “buy” rating on the stock.
  • 9/11/2017 – Brookfield Infrastructure Partners is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $48.00 price target on the stock.
  • 8/22/2017 – Brookfield Infrastructure Partners was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating. They now have a $44.00 price target on the stock.
  • 8/22/2017 – Brookfield Infrastructure Partners was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “neutral” rating. They now have a $44.00 price target on the stock.
  • 8/11/2017 – Brookfield Infrastructure Partners was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/8/2017 – Brookfield Infrastructure Partners had its price target raised by analysts at TD Securities from $42.00 to $44.00. They now have a “buy” rating on the stock.
  • 8/8/2017 – Brookfield Infrastructure Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/7/2017 – Brookfield Infrastructure Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. 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. “

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) traded up 1.03% during mid-day trading on Wednesday, hitting $43.16. The stock had a trading volume of 166,331 shares. The stock has a market cap of $11.21 billion, a P/E ratio of 94.86 and a beta of 1.08. The firm has a 50 day moving average of $43.27 and a 200-day moving average of $40.76. Brookfield Infrastructure Partners LP has a one year low of $30.76 and a one year high of $44.91.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.86). The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $768.00 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. Equities research analysts expect that Brookfield Infrastructure Partners LP will post $1.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Tuesday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 370.22%.

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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