Brookfield Infrastructure Partners (NYSE:BIP) Upgraded by StockNews.com to “Hold” Rating

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued research reports about the stock. TD Securities lifted their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group lifted their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Brookfield Infrastructure Partners Stock Up 0.4 %

NYSE BIP opened at $34.20 on Friday. The stock has a market capitalization of $15.79 billion, a PE ratio of -90.00 and a beta of 1.06. The business’s 50-day moving average is $34.28 and its 200 day moving average is $31.44. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.76.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at $26,000. Dunhill Financial LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $30,000. Bank & Trust Co bought a new position in Brookfield Infrastructure Partners in the 2nd quarter worth about $31,000. Clear Point Advisors Inc. purchased a new stake in Brookfield Infrastructure Partners during the 1st quarter valued at about $33,000. Finally, Park Place Capital Corp bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter valued at about $41,000. 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.