Brookfield Infrastructure Partners (NYSE:BIP) Given Sell (D+) Rating at Weiss Ratings

Key Points

• Brookfield Infrastructure Partners' stock has been given a sell (D+) rating by Weiss Ratings, highlighting recent negative sentiment around the company.
• Various analysts have issued mixed ratings, with two strong buy, five buy, one hold, and one sell rating, showcasing a disparity in confidence regarding the stock's performance.
• The company's latest earnings report showed a loss of $0.01 per share against expectations, but revenue increased by 5.7% year-over-year, indicating potential for growth despite challenges.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN's stock had its "sell (d+)" rating restated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Royal Bank Of Canada set a $40.00 price objective on shares of Brookfield Infrastructure Partners and gave the company an "outperform" rating in a report on Wednesday, August 27th. Jefferies Financial Group began coverage on shares of Brookfield Infrastructure Partners in a report on Friday, August 29th. They issued a "buy" rating and a $35.00 price objective for the company. National Bankshares set a $35.00 price target on shares of Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a report on Friday, September 26th. Finally, National Bank Financial raised shares of Brookfield Infrastructure Partners from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of "Moderate Buy" and an average target price of $40.14.

Brookfield Infrastructure Partners Stock Down 0.1%

BIP stock traded down $0.03 during midday trading on Wednesday, hitting $34.59. The company's stock had a trading volume of 327,983 shares, compared to its average volume of 527,087. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. Brookfield Infrastructure Partners has a twelve month low of $25.72 and a twelve month high of $36.50. The company's fifty day moving average price is $31.25 and its 200 day moving average price is $31.41. The stock has a market capitalization of $16.03 billion, a P/E ratio of 691.94 and a beta of 1.16.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. North Capital Inc. bought a new position in shares of Brookfield Infrastructure Partners in the first quarter valued at $35,000. SouthState Corp purchased a new stake in shares of Brookfield Infrastructure Partners in the first quarter valued at about $37,000. Caldwell Trust Co purchased a new stake in shares of Brookfield Infrastructure Partners in the second quarter valued at about $66,000. Farther Finance Advisors LLC raised its holdings in shares of Brookfield Infrastructure Partners by 565.6% in the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 1,906 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 23.1% in the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider's stock valued at $85,000 after purchasing an additional 474 shares during the last quarter. 57.92% of the stock is owned by 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.

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