StockNews.com Downgrades Brookfield Infrastructure Partners (NYSE:BIP) to Sell

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Several other equities research analysts have also weighed in on the company. TD Securities lifted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group increased their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Raymond James lifted their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP traded down $0.22 on Friday, hitting $33.38. 528,322 shares of the stock traded hands, compared to its average volume of 352,808. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The business’s fifty day moving average is $32.96 and its two-hundred day moving average is $32.84. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of -87.84 and a beta of 1.07.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at $26,000. Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $30,000. Truvestments Capital LLC bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at $77,000. Wilmington Savings Fund Society FSB purchased a new position in Brookfield Infrastructure Partners in the 3rd quarter worth $101,000. Finally, Eastern Bank bought a new stake in Brookfield Infrastructure Partners in the third quarter worth $158,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

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.