Jefferies Financial Group Lowers Brookfield Infrastructure Partners (NYSE:BIP) Price Target to $34.00

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN had its price target decreased by research analysts at Jefferies Financial Group from $37.00 to $34.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the utilities provider's stock. Jefferies Financial Group's price target points to a potential upside of 29.13% from the company's previous close.

BIP has been the topic of several other reports. TD Securities decreased their price target on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. BMO Capital Markets lifted their target price on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, January 10th. National Bankshares lowered shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 target price on the stock. in a research report on Tuesday, January 30th. National Bank Financial lowered shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, January 30th. Finally, Raymond James lifted their target price on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a "strong-buy" rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of "Moderate Buy" and a consensus target price of $38.60.

Brookfield Infrastructure Partners Stock Up 3.0 %

Shares of BIP traded up $0.77 during mid-day trading on Wednesday, hitting $26.33. 456,440 shares of the company's stock were exchanged, compared to its average volume of 521,813. The firm has a fifty day moving average of $29.43 and a two-hundred day moving average of $28.68. Brookfield Infrastructure Partners has a twelve month low of $21.03 and a twelve month high of $37.32. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 187.73 and a beta of 0.95. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.20.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.79 by ($0.99). The firm had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. On average, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.32 earnings per share for the current year.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently modified their holdings of the stock. Lido Advisors LLC raised its stake in shares of Brookfield Infrastructure Partners by 8.9% in the first quarter. Lido Advisors LLC now owns 3,925 shares of the utilities provider's stock worth $259,000 after acquiring an additional 320 shares during the last quarter. Level Four Advisory Services LLC raised its stake in shares of Brookfield Infrastructure Partners by 3.6% during the fourth quarter. Level Four Advisory Services LLC now owns 9,328 shares of the utilities provider's stock worth $294,000 after buying an additional 328 shares during the last quarter. Toroso Investments LLC raised its stake in shares of Brookfield Infrastructure Partners by 2.7% during the first quarter. Toroso Investments LLC now owns 15,264 shares of the utilities provider's stock worth $1,011,000 after buying an additional 405 shares during the last quarter. Insight Folios Inc raised its stake in shares of Brookfield Infrastructure Partners by 3.1% during the fourth quarter. Insight Folios Inc now owns 15,591 shares of the utilities provider's stock worth $491,000 after buying an additional 470 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its stake in shares of Brookfield Infrastructure Partners by 4.7% during the fourth quarter. Belpointe Asset Management LLC now owns 12,011 shares of the utilities provider's stock worth $378,000 after buying an additional 536 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.