Brookfield Infrastructure Partners (TSE:BIP.UN) Sets New 1-Year High – Should You Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$52.05 and last traded at C$51.90, with a volume of 34225 shares traded. The stock had previously closed at C$51.94.

Brookfield Infrastructure Partners Stock Performance

The company has a 50 day simple moving average of C$48.47 and a 200-day simple moving average of C$46.70. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45. The stock has a market cap of C$24.67 billion, a P/E ratio of 59.11, a price-to-earnings-growth ratio of -2.12 and a beta of 1.87.

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

About Brookfield Infrastructure Partners

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.