TD Securities Issues Positive Forecast for Brookfield Infrastructure Partners (NYSE:BIP) Stock Price

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective upped by TD Securities from $50.00 to $53.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the utilities provider’s stock. TD Securities’ price target would indicate a potential upside of 65.99% from the company’s current price.

Several other research analysts also recently weighed in on BIP. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday. Raymond James increased their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Thursday. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $42.80.

Brookfield Infrastructure Partners Price Performance

BIP stock traded down $0.88 during midday trading on Monday, hitting $31.93. The company’s stock had a trading volume of 406,227 shares, compared to its average volume of 357,438. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 798.07 and a beta of 1.08. The company has a 50 day moving average of $32.79 and a two-hundred day moving average of $32.97.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. On average, analysts expect that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Institutional Trading of Brookfield Infrastructure Partners

Several hedge funds and other institutional investors have recently bought and sold shares of BIP. Cedar Mountain Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the third quarter worth $26,000. Dunhill Financial LLC purchased a new stake in Brookfield Infrastructure Partners in the third quarter worth $30,000. Wingate Wealth Advisors Inc. purchased a new stake in Brookfield Infrastructure Partners in the fourth quarter worth $32,000. Stonebridge Financial Group LLC purchased a new stake in Brookfield Infrastructure Partners in the fourth quarter worth $44,000. Finally, Truvestments Capital LLC purchased a new stake in Brookfield Infrastructure Partners in the third quarter worth $77,000. Hedge funds and other 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.