Brookfield Infrastructure Partners (NYSE:BIP) Price Target Cut to $36.00

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price reduced by analysts at BMO Capital Markets from $40.00 to $36.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 28.43% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Raymond James increased their price target on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. National Bankshares lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price target on the stock. in a report on Tuesday, January 30th. Jefferies Financial Group decreased their price target on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. National Bank Financial lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th. Finally, TD Securities decreased their price target on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

Brookfield Infrastructure Partners Price Performance

NYSE BIP traded up $0.50 on Thursday, hitting $28.03. The stock had a trading volume of 160,090 shares, compared to its average volume of 511,738. Brookfield Infrastructure Partners has a 52-week low of $21.03 and a 52-week high of $37.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.64 and a current ratio of 0.68. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 199.66 and a beta of 0.99. The firm has a 50-day moving average of $28.63 and a 200-day moving average of $28.65.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The company had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. Equities analysts expect that Brookfield Infrastructure Partners will post 3.3 EPS for the current year.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently added to or reduced their stakes in the company. Level Four Advisory Services LLC grew its holdings in Brookfield Infrastructure Partners by 3.6% in the 4th quarter. Level Four Advisory Services LLC now owns 9,328 shares of the utilities provider’s stock worth $294,000 after acquiring an additional 328 shares during the last quarter. Sterling Investment Counsel LLC lifted its position in shares of Brookfield Infrastructure Partners by 5.0% in the 1st quarter. Sterling Investment Counsel LLC now owns 9,306 shares of the utilities provider’s stock worth $290,000 after purchasing an additional 442 shares during the period. Insight Folios Inc lifted its position in shares of Brookfield Infrastructure Partners by 3.1% in the 4th quarter. Insight Folios Inc now owns 15,591 shares of the utilities provider’s stock worth $491,000 after purchasing an additional 470 shares during the period. Belpointe Asset Management LLC lifted its position in shares of Brookfield Infrastructure Partners by 4.7% in the 4th quarter. Belpointe Asset Management LLC now owns 12,011 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 536 shares during the period. Finally, Herold Advisors Inc. lifted its position in shares of Brookfield Infrastructure Partners by 0.5% in the 4th quarter. Herold Advisors Inc. now owns 117,892 shares of the utilities provider’s stock worth $3,712,000 after purchasing an additional 611 shares during the period. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.