Headlines about Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brookfield Infrastructure Partners earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.5192735647251 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- The Motley Fool: Reverse stock splits – Chron.com (chron.com)
- Better Buy: Brookfield Infrastructure Partners LP vs. Brookfield Asset Management Inc. – Fox Business (foxbusiness.com)
- Bio Planet SA. (WSE:BIP): Has Recent Earnings Growth Beaten Long-Term Trend? (finance.yahoo.com)
- The Motley Fool: Reverse stock splits can be a sign of trouble – Seattle Times (seattletimes.com)
Several research firms recently issued reports on BIP. Zacks Investment Research downgraded 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 price target on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Tuesday, January 2nd. Credit Suisse Group reissued a “hold” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Wednesday, December 27th. Raymond James Financial boosted their price target on Brookfield Infrastructure Partners from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Finally, National Bank Financial lowered their price target on Brookfield Infrastructure Partners from $48.00 to $46.50 and set an “outperform” rating for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine 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 $47.20.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Friday, February 9th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.46). Brookfield Infrastructure Partners had a return on equity of 1.29% and a net margin of 1.95%. The firm had revenue of $984.00 million during the quarter, compared to analyst estimates of $942.00 million. equities analysts forecast that Brookfield Infrastructure Partners will post 3.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.88 dividend on an annualized basis and a yield of 4.64%. Brookfield Infrastructure Partners’s payout ratio is presently -4,700.00%.
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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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