Brookfield Infrastructure Partners LP (NYSE:BIP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Credit Suisse Group AG in a research note issued to investors on Tuesday. They presently have a $40.00 price target on the stock.

BIP has been the topic of several other research reports. Barclays PLC reaffirmed an “equal weight” rating and issued a $42.67 price target (up previously from $42.00) on shares of Brookfield Infrastructure Partners in a research report on Thursday, August 4th. TD Securities reissued a “buy” rating and set a $36.00 target price (up previously from $33.33) on shares of Brookfield Infrastructure Partners in a research report on Thursday, August 4th. Citigroup Inc. lifted their target price on shares of Brookfield Infrastructure Partners from $31.33 to $35.00 and gave the stock a “neutral” rating in a research report on Monday. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Brookfield Infrastructure Partners from $32.67 to $35.33 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$35.77.

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

Brookfield Infrastructure Partners (NYSE:BIP) opened at 33.55 on Tuesday. The firm’s 50-day moving average price is $36.83 and its 200-day moving average price is $30.75. The firm has a market cap of $8.17 billion, a P/E ratio of 37.49 and a beta of 0.97. Brookfield Infrastructure Partners has a 12 month low of $20.33 and a 12 month high of $49.89.

Brookfield Infrastructure Partners (NYSE:BIP) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.77. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. The business had revenue of $462 million for the quarter, compared to analysts’ expectations of $674.50 million. On average, equities research analysts expect that Brookfield Infrastructure Partners will post $1.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, August 29th. This represents a $2.36 annualized dividend and a dividend yield of 7.03%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 175.75%.

Several large investors have recently modified their holdings of the company. First Manhattan Co. raised its stake in shares of Brookfield Infrastructure Partners by 9.3% in the first quarter. First Manhattan Co. now owns 1,090,859 shares of the company’s stock valued at $45,957,000 after buying an additional 93,199 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Brookfield Infrastructure Partners by 9.1% in the first quarter. Chicago Partners Investment Group LLC now owns 151,143 shares of the company’s stock worth $6,368,000 after buying an additional 12,669 shares in the last quarter. Commonwealth Equity Services Inc raised its position in Brookfield Infrastructure Partners by 5.1% in the first quarter. Commonwealth Equity Services Inc now owns 35,424 shares of the company’s stock worth $1,492,000 after buying an additional 1,725 shares in the last quarter. IFP Advisors Inc raised its position in Brookfield Infrastructure Partners by 60.8% in the first quarter. IFP Advisors Inc now owns 14,340 shares of the company’s stock worth $604,000 after buying an additional 5,422 shares in the last quarter. Finally, CIBC World Markets Inc. raised its position in Brookfield Infrastructure Partners by 1.7% in the first quarter. CIBC World Markets Inc. now owns 415,052 shares of the company’s stock worth $17,486,000 after buying an additional 7,091 shares in the last quarter. Institutional investors own 44.67% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include Utilities, Transport, Energy, Communications Infrastructure and Other. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections.

5 Day Chart for NYSE:BIP

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