Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $50.50.

Several equities research analysts have issued reports on BIP shares. BMO Capital Markets began coverage on shares of Brookfield Infrastructure Partners in a research report on Monday, September 11th. They set an “outperform” rating and a $48.00 price objective for the company. TD Securities raised their target price on shares of Brookfield Infrastructure Partners to $57.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, October 3rd. National Bank Financial raised their target price on shares of Brookfield Infrastructure Partners from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $53.00 target price on shares of Brookfield Infrastructure Partners in a report on Monday, September 18th.

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at $43.77 on Thursday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock has a market cap of $12,148.28, a P/E ratio of 162.74, a price-to-earnings-growth ratio of 1.28 and a beta of 1.06. Brookfield Infrastructure Partners has a 1 year low of $31.03 and a 1 year high of $44.91.

Brookfield Infrastructure Partners announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 7th that authorizes the company to repurchase 13,820,000 outstanding shares. This repurchase authorization authorizes the utilities provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.74 dividend on an annualized basis and a yield of 3.98%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 644.44%.

A number of institutional investors have recently modified their holdings of BIP. Arcadia Investment Management Corp MI acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $109,000. Tower Research Capital LLC TRC lifted its holdings in shares of Brookfield Infrastructure Partners by 2,000.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 2,000 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the second quarter worth $203,000. US Bancorp DE lifted its holdings in shares of Brookfield Infrastructure Partners by 61.1% during the second quarter. US Bancorp DE now owns 5,029 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 1,907 shares during the period. Finally, Optimum Investment Advisors acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $208,000. Hedge funds and other institutional investors own 46.37% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/30/brookfield-infrastructure-partners-lp-bip-receives-consensus-recommendation-of-buy-from-analysts.html.

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.