Brookfield Infrastructure Partners (NYSE:BIP) Given New $45.00 Price Target at Canadian Imperial Bank of Commerce

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price raised by stock analysts at Canadian Imperial Bank of Commerce from $44.00 to $45.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperformer” rating on the utilities provider’s stock. Canadian Imperial Bank of Commerce’s target price would suggest a potential upside of 14.74% from the stock’s previous close.

A number of other brokerages also recently issued reports on BIP. Royal Bank Of Canada lifted their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. TD Securities reissued a “buy” rating and issued a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Morgan Stanley boosted their target price on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Finally, TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock traded down $0.42 during mid-day trading on Tuesday, reaching $39.22. 194,998 shares of the company traded hands, compared to its average volume of 864,995. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 59.42 and a beta of 1.03. Brookfield Infrastructure Partners has a fifty-two week low of $29.63 and a fifty-two week high of $40.32. The firm’s fifty day moving average is $36.79 and its two-hundred day moving average is $36.33. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities research analysts expect that Brookfield Infrastructure Partners will post 3.59 earnings per share for the current fiscal year.

Insider Activity at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant purchased 1,150 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the purchase, the chief financial officer directly owned 2,150 shares in the company, valued at $103,415. This trade represents a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several institutional investors and hedge funds have recently made changes to their positions in BIP. Goldman Sachs Group Inc. increased its position in shares of Brookfield Infrastructure Partners by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock valued at $53,696,000 after acquiring an additional 195,276 shares during the last quarter. Focus Partners Wealth increased its holdings in Brookfield Infrastructure Partners by 8.5% during the 1st quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock valued at $737,000 after purchasing an additional 1,931 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter worth approximately $2,595,000. Glenview Trust co bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at approximately $201,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 8.8% during the 2nd quarter. Raymond James Financial Inc. now owns 724,975 shares of the utilities provider’s stock valued at $24,287,000 after buying an additional 58,511 shares during the period. Institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.