Brookfield Infrastructure Partners (NYSE:BIP) Earns Equal Weight Rating from Analysts at Barclays

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Barclays initiated coverage on shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) in a report published on Thursday, BenzingaRatingsTable reports. The brokerage issued an equal weight rating and a $46.00 price target on the utilities provider’s stock.

Several other brokerages also recently weighed in on BIP. Industrial Alliance Securities raised their price target on shares of Brookfield Infrastructure Partners from $47.00 to $48.00 and gave the company a buy rating in a research report on Tuesday, July 2nd. Raymond James reissued a hold rating on shares of Snc-Lavalin Group in a research report on Wednesday, July 3rd. Credit Suisse Group reissued a hold rating and set a $32.00 price target on shares of CRH in a research report on Thursday, April 25th. National Bank Financial reduced their price target on shares of Canadian Tire from C$170.00 to C$169.00 and set an outperform rating for the company in a research report on Monday, May 6th. Finally, Zacks Investment Research downgraded shares of EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Brookfield Infrastructure Partners has a consensus rating of Buy and a consensus target price of $46.11.

Shares of BIP opened at $43.18 on Thursday. The company has a market capitalization of $14.92 billion, a P/E ratio of 359.83, a P/E/G ratio of 1.04 and a beta of 0.91. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average price is $42.69. Brookfield Infrastructure Partners has a twelve month low of $32.26 and a twelve month high of $44.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $954.88 million. Brookfield Infrastructure Partners had a net margin of 4.24% and a return on equity of 1.71%. The business’s revenue for the quarter was up 57.3% compared to the same quarter last year. As a group, equities analysts predict that Brookfield Infrastructure Partners will post 3.48 earnings per share for the current fiscal year.

The business also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a $0.502 dividend. The ex-dividend date of this dividend was Thursday, May 30th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 340.68%.

Large investors have recently bought and sold shares of the business. Sandy Spring Bank bought a new stake in Brookfield Infrastructure Partners in the 1st quarter worth approximately $48,000. Truvestments Capital LLC bought a new stake in Brookfield Infrastructure Partners in the 1st quarter worth approximately $53,000. Bronfman E.L. Rothschild L.P. grew its position in Brookfield Infrastructure Partners by 51.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 700 shares during the period. ERTS Wealth Advisors LLC bought a new stake in Brookfield Infrastructure Partners in the 4th quarter worth approximately $72,000. Finally, Princeton Global Asset Management LLC bought a new stake in Brookfield Infrastructure Partners in the 4th quarter worth approximately $83,000. 38.94% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The 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 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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