Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives $40.20 Consensus Target Price from Analysts

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.20.

A number of analysts recently weighed in on BIP shares. Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. TD Securities raised their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group upped their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $35.30 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $16.30 billion, a P/E ratio of -92.00 and a beta of 1.06. The business has a 50 day simple moving average of $34.50 and a 200-day simple moving average of $31.64. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio is presently -426.32%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cedar Mountain Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $26,000. Dunhill Financial LLC acquired a new position in Brookfield Infrastructure Partners during the third quarter worth about $30,000. Bank & Trust Co purchased a new position in Brookfield Infrastructure Partners in the second quarter valued at about $31,000. Clear Point Advisors Inc. purchased a new position in Brookfield Infrastructure Partners in the first quarter valued at about $33,000. Finally, Park Place Capital Corp acquired a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at approximately $41,000. 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.