Brookfield Infrastructure Partners (NYSE:BIP) Rating Increased to Strong-Buy at National Bank Financial

Key Points

• Brookfield Infrastructure Partners' rating has been upgraded from "hold" to a "strong-buy" by National Bank Financial, indicating increased confidence in the stock.
• The firm has a consensus price target of $40.14, with various analysts providing target prices ranging from $35.00 to $40.00.
• Brookfield's shares recently increased by 4.9%, with its stock currently trading around $33.08, up from a 12-month low of $25.72.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN was upgraded by investment analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued on Thursday,Zacks.com reports.

Several other analysts also recently commented on the stock. 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 target price for the company. National Bankshares set a $35.00 target price on shares of Brookfield Infrastructure Partners and gave the company an "outperform" rating in a report on Friday. Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Finally, Royal Bank Of Canada set a $40.00 price objective on shares of Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus price target of $40.14.

Brookfield Infrastructure Partners Stock Up 4.9%

Shares of NYSE BIP opened at $33.08 on Thursday. Brookfield Infrastructure Partners has a 12-month low of $25.72 and a 12-month high of $36.50. The firm has a market cap of $15.33 billion, a PE ratio of 661.81 and a beta of 1.10. The company's fifty day simple moving average is $31.02 and its 200 day simple moving average is $31.14. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.66.

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 analysts' consensus estimates of $0.82 by ($0.01). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $0.77 earnings per share. The firm's quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. North Capital Inc. bought a new position in Brookfield Infrastructure Partners during the first quarter worth about $35,000. SouthState Corp purchased a new stake in Brookfield Infrastructure Partners in the 1st quarter worth approximately $37,000. Parallel Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the 1st quarter worth approximately $45,000. Caldwell Trust Co purchased a new stake in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $66,000. Finally, Farther Finance Advisors LLC lifted its stake in Brookfield Infrastructure Partners by 565.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock worth $68,000 after purchasing an additional 1,906 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

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.

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