Brookfield Infrastructure Partners (TSE:BIP.UN) Sets New 12-Month High – Here’s Why

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$55.02 and last traded at C$55.01, with a volume of 466377 shares traded. The stock had previously closed at C$53.21.

Brookfield Infrastructure Partners Price Performance

The company has a market capitalization of C$24.62 billion, a price-to-earnings ratio of 59.01, a PEG ratio of -2.12 and a beta of 1.87. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01. The company has a 50 day moving average price of C$49.90 and a 200 day moving average price of C$47.81.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last issued its quarterly earnings results on Thursday, January 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. The business had revenue of C$8.32 billion for the quarter. Brookfield Infrastructure Partners had a positive return on equity of 5.21% and a negative net margin of 0.09%. As a group, equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current year.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.