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

Key Points

• Brookfield Infrastructure Partners has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen, while Citigroup has lowered its price target from $34.00 to $31.00.
• The stock currently has a consensus rating of "Buy" with an average target price of $41.67, but it opened at $31.12 recently.
• In its latest earnings report, Brookfield Infrastructure posted $0.81 earnings per share, missing estimates by $0.01, despite revenue increasing by 5.7% year-over-year.

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 research note issued on Saturday.

Separately, Citigroup lowered their price objective on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of "Buy" and an average target price of $41.67.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $31.12 on Friday. The stock has a market cap of $14.45 billion, a P/E ratio of 622.52 and a beta of 1.09. 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 business's 50-day moving average price is $32.84 and its two-hundred day moving average price is $31.47. Brookfield Infrastructure Partners has a twelve month low of $25.72 and a twelve month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results 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 company had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the prior year, the business earned $0.77 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts predict that Brookfield Infrastructure Partners will post 3.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in Brookfield Infrastructure Partners by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider's stock worth $822,832,000 after purchasing an additional 945,462 shares during the period. Mackenzie Financial Corp raised its holdings in Brookfield Infrastructure Partners by 8.0% during the 4th quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider's stock valued at $278,858,000 after buying an additional 650,892 shares during the last quarter. Scotia Capital Inc. boosted its position in Brookfield Infrastructure Partners by 4.3% during the 1st quarter. Scotia Capital Inc. now owns 6,709,573 shares of the utilities provider's stock valued at $197,811,000 after buying an additional 277,192 shares during the period. CCLA Investment Management grew its holdings in Brookfield Infrastructure Partners by 33.5% in the 1st quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider's stock worth $172,537,000 after acquiring an additional 1,453,772 shares during the last quarter. Finally, BROOKFIELD Corp ON grew its holdings in Brookfield Infrastructure Partners by 3.5% in the 1st quarter. BROOKFIELD Corp ON now owns 4,686,497 shares of the utilities provider's stock worth $139,611,000 after acquiring an additional 158,881 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.

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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