Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been assigned a consensus recommendation of “Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $49.44.

Several equities analysts recently commented on the stock. TD Securities upped their target price on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Scotiabank upped their target price on shares of Brookfield Infrastructure Partners from $42.50 to $43.50 and gave the company an “outperform” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, October 3rd. Royal Bank Of Canada upped their target price on shares of Brookfield Infrastructure Partners from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, CSFB upgraded shares of Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and upped their target price for the company from $40.00 to $44.00 in a research note on Friday, June 16th.

COPYRIGHT VIOLATION WARNING: “Brookfield Infrastructure Partners LP (BIP) Receives $49.44 Average Target Price from Brokerages” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/10/14/brookfield-infrastructure-partners-lp-bip-receives-49-44-average-target-price-from-brokerages.html.

A number of institutional investors have recently made changes to their positions in BIP. US Bancorp DE increased its holdings in Brookfield Infrastructure Partners by 113.5% in the 1st quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock valued at $121,000 after buying an additional 1,660 shares during the period. Ameriprise Financial Inc. bought a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at $350,000. Stifel Financial Corp increased its holdings in Brookfield Infrastructure Partners by 48.9% in the 1st quarter. Stifel Financial Corp now owns 18,076 shares of the utilities provider’s stock valued at $699,000 after buying an additional 5,933 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Brookfield Infrastructure Partners by 12.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,782 shares of the utilities provider’s stock valued at $997,000 after buying an additional 2,854 shares during the period. Finally, Brown Advisory Securities LLC increased its holdings in Brookfield Infrastructure Partners by 16.6% in the 1st quarter. Brown Advisory Securities LLC now owns 27,910 shares of the utilities provider’s stock valued at $1,079,000 after buying an additional 3,970 shares during the period. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brookfield Infrastructure Partners (NYSE BIP) traded up 0.44% on Wednesday, reaching $43.17. 189,084 shares of the company’s stock traded hands. The company’s 50-day moving average is $43.03 and its 200-day moving average is $41.03. The firm has a market capitalization of $11.21 billion, a P/E ratio of 94.88 and a beta of 1.08. Brookfield Infrastructure Partners has a 52 week low of $30.76 and a 52 week high of $44.91.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.86). The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. Equities research analysts anticipate that Brookfield Infrastructure Partners will post $1.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Tuesday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 370.22%.

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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

Receive News & Ratings for Brookfield Infrastructure Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.