Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been given an average rating of “Buy” by the twelve analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $46.89.

A number of analysts recently issued reports on BIP shares. ValuEngine lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Royal Bank of Canada lifted their price target on shares of Brookfield Infrastructure Partners from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Credit Suisse Group upgraded shares of Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $44.00 to $46.00 in a research note on Thursday, July 5th. Finally, Bank of America started coverage on shares of Brookfield Infrastructure Partners in a research note on Tuesday, July 10th. They issued a “buy” rating for the company.

Shares of NYSE:BIP traded down $0.55 during midday trading on Friday, reaching $37.57. The company had a trading volume of 515,087 shares, compared to its average volume of 232,972. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.84. The firm has a market cap of $12.98 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 1.20 and a beta of 0.95. Brookfield Infrastructure Partners has a one year low of $36.93 and a one year high of $46.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.55). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $833.00 million. Brookfield Infrastructure Partners had a return on equity of 3.29% and a net margin of 8.25%. As a group, equities research analysts forecast that Brookfield Infrastructure Partners will post 3.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, August 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Thursday, August 30th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 124.50%.

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. acquired a new position in Brookfield Infrastructure Partners in the third quarter worth $217,000. Bridges Investment Management Inc. acquired a new position in Brookfield Infrastructure Partners in the second quarter worth $230,000. Chicago Capital LLC acquired a new position in Brookfield Infrastructure Partners in the second quarter worth $232,000. Community Financial Services Group LLC acquired a new position in Brookfield Infrastructure Partners in the second quarter worth $288,000. Finally, Cypress Wealth Services LLC acquired a new position in Brookfield Infrastructure Partners in the second quarter worth $301,000. 37.94% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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