Brookfield Infrastructure Partners L.P. (BIP) Given Average Rating of “Buy” by Brokerages

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has received a consensus rating of “Buy” from the eleven research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $48.81.

A number of equities analysts recently commented on the stock. Scotiabank set a $46.75 price objective on shares of Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research note on Monday. BMO Capital Markets set a $47.00 price objective on shares of Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research note on Friday. National Bank Financial reduced their price objective on shares of Brookfield Infrastructure Partners from $48.00 to $46.50 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Wednesday, December 27th.

Shares of Brookfield Infrastructure Partners (NYSE BIP) opened at $40.64 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $13,996.29, a P/E ratio of -1,016.00, a P/E/G ratio of 0.99 and a beta of 0.94. Brookfield Infrastructure Partners has a twelve month low of $35.30 and a twelve month high of $46.88.

Brookfield Infrastructure Partners declared that its Board of Directors has approved a share repurchase program on Tuesday, November 7th that allows the company to repurchase 13,820,000 shares. This repurchase authorization allows the utilities provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Large investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $109,000. Waldron LP acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $201,000. Mariner Wealth Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $202,000. Stanley Laman Group Ltd. acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $202,000. Finally, Optimum Investment Advisors acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $208,000. 45.81% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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