Brookfield Infrastructure Partners L.P. (BIP) to Post Q1 2018 Earnings of $0.84 Per Share, National Bank Financial Forecasts

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Analysts at National Bank Financial issued their Q1 2018 earnings per share estimates for Brookfield Infrastructure Partners in a research report issued on Sunday. National Bank Financial analyst R. Merer forecasts that the utilities provider will post earnings per share of $0.84 for the quarter. National Bank Financial currently has a “Outperform” rating and a $46.50 target price on the stock. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $4.06 EPS.

BIP has been the topic of several other reports. Scotiabank raised their price objective on shares of Brookfield Infrastructure Partners from $43.50 to $46.75 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Royal Bank of Canada raised 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. 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 “sell” rating to a “hold” rating in a research report on Friday, January 5th. Finally, 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 report on Friday. 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 currently has a consensus rating of “Buy” and an average target price of $48.63.

Brookfield Infrastructure Partners (NYSE:BIP) opened at $40.64 on Tuesday. Brookfield Infrastructure Partners has a 52-week low of $35.30 and a 52-week high of $46.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $13,996.29, a price-to-earnings ratio of -1,016.00, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94.

Large investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at about $109,000. Waldron LP purchased a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $201,000. Stanley Laman Group Ltd. purchased a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $202,000. Mariner Wealth Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $202,000. Finally, Optimum Investment Advisors purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at about $208,000. 45.81% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners announced that its Board of Directors has authorized a stock buyback plan on Tuesday, November 7th that permits the company to repurchase 13,820,000 outstanding shares. This repurchase authorization permits the utilities provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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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).

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