Brookfield Infrastructure Partners (TSE:BIP.UN) Sets New 52-Week High – What’s Next?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$55.29 and last traded at C$55.15, with a volume of 210186 shares. The stock had previously closed at C$53.87.

Brookfield Infrastructure Partners Stock Performance

The stock has a 50 day simple moving average of C$50.42 and a 200 day simple moving average of C$49.90. 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 stock has a market cap of C$25.28 billion, a P/E ratio of 82.92, a price-to-earnings-growth ratio of -2.12 and a beta of 1.81.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C($0.28) EPS for the quarter. Brookfield Infrastructure Partners had a positive return on equity of 5.21% and a negative net margin of 0.09%.The company had revenue of C$8.76 billion for the quarter. On average, equities analysts expect 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.