Brookfield Infrastructure Partners (NYSE:BIP) Price Target Raised to $46.00 at Raymond James

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price target boosted by investment analysts at Raymond James from $44.00 to $46.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the utilities provider’s stock. Raymond James’ price target points to a potential upside of 40.33% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. StockNews.com lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. TD Securities boosted their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $42.20.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $32.78 on Thursday. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of -86.26 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The firm’s 50-day simple moving average is $32.79 and its 200 day simple moving average is $32.95.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 0.02% and a net margin of 0.03%. As a group, research analysts anticipate that Brookfield Infrastructure Partners will post 3.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Cedar Mountain Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at $26,000. Dunhill Financial LLC purchased a new stake in Brookfield Infrastructure Partners during the third quarter valued at about $30,000. Wingate Wealth Advisors Inc. bought a new position in Brookfield Infrastructure Partners during the fourth quarter worth about $32,000. Stonebridge Financial Group LLC purchased a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth about $44,000. Finally, Truvestments Capital LLC purchased a new position in shares of Brookfield Infrastructure Partners in the third quarter worth about $77,000. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Company Profile

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.