Wall Street Zen Downgrades Brookfield Infrastructure Partners (NYSE:BIP) to Sell

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday.

BIP has been the topic of a number of other research reports. Citigroup decreased their target price on 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.67.

Brookfield Infrastructure Partners Trading Down 0.3%

Shares of Brookfield Infrastructure Partners stock opened at $32.32 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.73 and a current ratio of 0.77. The firm has a 50-day moving average of $32.99 and a 200-day moving average of $31.49. Brookfield Infrastructure Partners has a 52-week low of $25.72 and a 52-week high of $36.50. The stock has a market cap of $15.01 billion, a PE ratio of -1,615.19 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly 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 for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. North Capital Inc. bought a new position in Brookfield Infrastructure Partners during the first quarter worth $35,000. SouthState Corp acquired a new stake in Brookfield Infrastructure Partners during the 1st quarter worth about $37,000. Parallel Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners in the 1st quarter worth about $45,000. Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $68,000 after purchasing an additional 1,906 shares during the period. Finally, Pandora Wealth Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter valued at about $80,000. Institutional investors and hedge funds 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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