TD Securities Issues Positive Forecast for Brookfield Infrastructure Partners (NYSE:BIP) Stock Price

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price target boosted by research analysts at TD Securities from $50.00 to $53.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. TD Securities’ price target points to a potential upside of 65.99% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday. Raymond James raised their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $42.80.

Brookfield Infrastructure Partners Stock Down 2.7 %

BIP stock traded down $0.88 during trading on Monday, reaching $31.93. 406,227 shares of the company traded hands, compared to its average volume of 357,438. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50. The business has a 50 day simple moving average of $32.79 and a 200 day simple moving average of $32.97. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 798.07 and a beta of 1.08. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. On average, equities research analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cedar Mountain Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at approximately $30,000. Wingate Wealth Advisors Inc. purchased a new position in Brookfield Infrastructure Partners during the fourth quarter valued at approximately $32,000. Stonebridge Financial Group LLC purchased a new position in Brookfield Infrastructure Partners during the fourth quarter valued at approximately $44,000. Finally, Truvestments Capital LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.