Brookfield Infrastructure Partners (NYSE:BIP) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price target upped by research analysts at BMO Capital Markets from $44.00 to $47.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price points to a potential upside of 13.21% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Weiss Ratings cut Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday, July 21st. National Bank Financial boosted their price target on Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $47.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.62.

Brookfield Infrastructure Partners Stock Down 2.1%

BIP stock traded down $0.88 during midday trading on Friday, reaching $41.51. The company had a trading volume of 710,341 shares, compared to its average volume of 877,725. The company has a 50 day moving average of $38.49 and a two-hundred day moving average of $37.48. The company has a market capitalization of $19.22 billion, a P/E ratio of 62.90 and a beta of 1.06. Brookfield Infrastructure Partners has a 1 year low of $29.63 and a 1 year high of $44.03. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share 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 business 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 business posted $0.82 earnings per share. On average, equities research analysts expect that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current fiscal year.

Institutional Trading of Brookfield Infrastructure Partners

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

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.