Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) has been assigned a $46.75 target price by research analysts at Scotiabank in a report issued on Tuesday. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Scotiabank’s price objective would suggest a potential upside of 4.84% from the company’s current price.
Several other brokerages also recently issued reports on BIP. BMO Capital Markets started 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. Credit Suisse Group reissued a “hold” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Wednesday, December 27th. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, October 3rd. TD Securities increased their price objective on shares of Brookfield Infrastructure Partners to $57.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, Royal Bank of Canada increased their price objective on shares of Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $48.88.
Shares of Brookfield Infrastructure Partners (BIP) traded down $0.22 during mid-day trading on Tuesday, hitting $44.59. 265,527 shares of the stock traded hands, compared to its average volume of 372,875. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. Brookfield Infrastructure Partners has a 52 week low of $33.20 and a 52 week high of $46.88. The company has a market capitalization of $12,388.81, a P/E ratio of 165.15, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Isthmus Partners LLC raised its stake in Brookfield Infrastructure Partners by 50.0% in the 3rd quarter. Isthmus Partners LLC now owns 3,000 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Brookfield Infrastructure Partners by 7,126.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,035 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 2,993 shares in the last quarter. Bellwether Investment Group LLC raised its stake in Brookfield Infrastructure Partners by 1.2% in the 1st quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 32 shares in the last quarter. Bollard Group LLC raised its stake in Brookfield Infrastructure Partners by 1.2% in the 2nd quarter. Bollard Group LLC now owns 2,348 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 28 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth about $109,000. Institutional investors own 45.70% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Scotiabank Reiterates $46.75 Price Target for Brookfield Infrastructure Partners (BIP)” was reported by American Banking and Market News and is owned by of American Banking and Market News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/02/scotiabank-reiterates-46-75-price-target-for-brookfield-infrastructure-partners-bip.html.
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).
