Brookfield Infrastructure Partners (BIP) Receives $47.23 Consensus Price Target from Analysts

Shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) have been assigned a consensus rating of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $47.23.

Several equities analysts recently weighed in on BIP shares. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 13th. Scotiabank set a $46.75 target price on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Credit Suisse Group reissued a “hold” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a research note on Wednesday, December 27th. CIBC started coverage on shares of Brookfield Infrastructure Partners in a research note on Friday, March 16th. They issued a “sector outperform” rating and a $47.00 target price for the company. Finally, BMO Capital Markets set a $47.00 target price on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a research note on Friday, February 9th.

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A number of hedge funds have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 2.9% during the third quarter. Neuberger Berman Group LLC now owns 6,843,911 shares of the utilities provider’s stock worth $295,246,000 after buying an additional 194,390 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookfield Infrastructure Partners by 73.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,727,514 shares of the utilities provider’s stock worth $167,030,000 after buying an additional 1,577,649 shares in the last quarter. First Manhattan Co. lifted its holdings in shares of Brookfield Infrastructure Partners by 6.7% during the fourth quarter. First Manhattan Co. now owns 1,749,112 shares of the utilities provider’s stock worth $78,377,000 after buying an additional 109,627 shares in the last quarter. Atlantic Trust Group LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 10,420.1% during the third quarter. Atlantic Trust Group LLC now owns 1,420,635 shares of the utilities provider’s stock worth $61,287,000 after buying an additional 1,407,131 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 68.2% during the fourth quarter. CIBC World Markets Inc. now owns 1,396,350 shares of the utilities provider’s stock worth $62,570,000 after buying an additional 566,112 shares in the last quarter. 37.51% of the stock is owned by hedge funds and other institutional investors.

Shares of BIP traded down $0.05 during mid-day trading on Wednesday, hitting $41.55. 139,987 shares of the company’s stock were exchanged, compared to its average volume of 346,382. The stock has a market capitalization of $14,372.88, a P/E ratio of 27.56, a P/E/G ratio of 1.18 and a beta of 0.96. Brookfield Infrastructure Partners has a 52 week low of $37.54 and a 52 week high of $46.88. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.75.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Friday, February 9th. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.46). Brookfield Infrastructure Partners had a net margin of 1.95% and a return on equity of 1.29%. The firm had revenue of $984.00 million during the quarter, compared to the consensus estimate of $942.00 million. sell-side analysts anticipate that Brookfield Infrastructure Partners will post 3.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.88 dividend on an annualized basis and a yield of 4.52%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 124.50%.

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About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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