Brookfield Infrastructure Partners (NYSE:BIP) Stock Rating Upgraded by Wall Street Zen

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Citigroup decreased their price target on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $41.67.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $32.36 on Friday. Brookfield Infrastructure Partners has a 12-month low of $25.72 and a 12-month high of $36.50. The business has a 50-day simple moving average of $32.90 and a two-hundred day simple moving average of $31.47. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.64. The stock has a market cap of $15.03 billion, a PE ratio of -1,617.19 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a return on equity of 1.04% and a net margin of 1.41%. The business had revenue of $5.39 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Large investors have recently added to or reduced their stakes in the business. North Capital Inc. acquired a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $35,000. SouthState Corp acquired a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $37,000. Parallel Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $45,000. Farther Finance Advisors LLC grew its stake in 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 acquiring an additional 1,906 shares during the period. Finally, Pandora Wealth Inc. acquired a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $80,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.