Free Trial

Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 52-Week High - Still a Buy?

Brookfield Infrastructure Partners logo with Utilities background

Key Points

  • Brookfield Infrastructure Partners reached a new 52-week high of C$66.99 during trading but closed at C$47.72, reflecting a 1.5% decline from the previous day.
  • The company has a market capitalization of C$22.18 billion, with a P/E ratio of 955.20 and a debt-to-equity ratio of 180.01, indicating substantial leverage.
  • Brookfield focuses on acquiring infrastructure assets that provide stable cash flows and possess low maintenance costs and high barriers to entry.
  • Five stocks we like better than Brookfield Infrastructure Partners.

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - Get Free Report) NYSE: BIP's share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$66.99 and last traded at C$47.72, with a volume of 181191 shares. The stock had previously closed at C$48.49.

Brookfield Infrastructure Partners Stock Down 1.5%

The company's fifty day moving average price is C$43.85 and its 200-day moving average price is C$43.66. The stock has a market cap of C$22.18 billion, a P/E ratio of 955.20, a price-to-earnings-growth ratio of -2.12 and a beta of 1.85. The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81.

Brookfield Infrastructure Partners Company Profile

(Get Free Report)

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry.

See Also

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.

Should You Invest $1,000 in Brookfield Infrastructure Partners Right Now?

Before you consider Brookfield Infrastructure Partners, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Infrastructure Partners wasn't on the list.

While Brookfield Infrastructure Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.