Brookfield Infrastructure Partners (NYSE:BIP) Price Target Raised to $38.00 at National Bankshares

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price raised by research analysts at National Bankshares from $36.00 to $38.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. National Bankshares’ target price points to a potential upside of 12.46% from the company’s current price.

A number of other equities research analysts have also recently issued reports on BIP. Morgan Stanley set a $44.00 target price on Brookfield Infrastructure Partners in a research note on Tuesday, December 2nd. Royal Bank Of Canada set a $40.00 price objective on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday. Jefferies Financial Group set a $37.00 price target on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.25.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP traded down $0.05 during trading hours on Wednesday, reaching $33.79. The company’s stock had a trading volume of 426,781 shares, compared to its average volume of 541,239. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. The business has a 50-day simple moving average of $34.95 and a 200 day simple moving average of $33.05. Brookfield Infrastructure Partners has a 52 week low of $25.72 and a 52 week high of $36.58. The stock has a market cap of $15.58 billion, a PE ratio of 50.42 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 2.74% and a net margin of 3.70%.The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at $16,917,000. Captrust Financial Advisors raised its position in shares of Brookfield Infrastructure Partners by 2.2% during the third quarter. Captrust Financial Advisors now owns 70,593 shares of the utilities provider’s stock worth $2,322,000 after purchasing an additional 1,509 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at $85,000. XTX Topco Ltd acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $1,196,000. Finally, United Capital Financial Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the 3rd quarter worth about $396,000. Institutional investors and hedge funds 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.