Credit Suisse Group set a $48.00 price objective on Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) in a report issued on Monday, TipRanks reports. The firm currently has a hold rating on the utilities provider’s stock.

Other research analysts also recently issued research reports about the company. Barclays reiterated a hold rating on shares of Brookfield Infrastructure Partners in a report on Friday, August 2nd. Bank of America increased their price objective on Brookfield Infrastructure Partners from $43.00 to $47.00 and gave the stock a buy rating in a research note on Tuesday, July 30th. TD Securities raised their price objective on Brookfield Infrastructure Partners from $48.00 to $49.00 and gave the stock a buy rating in a research report on Tuesday, August 6th. Industrial Alliance Securities lifted their target price on Brookfield Infrastructure Partners from $47.00 to $48.00 and gave the company a buy rating in a research note on Tuesday, July 2nd. Finally, Royal Bank of Canada lifted their target price on Brookfield Infrastructure Partners from $47.00 to $50.00 and gave the company an outperform rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $47.45.

Brookfield Infrastructure Partners stock traded up $0.40 during midday trading on Monday, reaching $47.67. The stock had a trading volume of 253,229 shares, compared to its average volume of 308,356. Brookfield Infrastructure Partners has a twelve month low of $32.26 and a twelve month high of $48.79. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 80.80, a PEG ratio of 1.01 and a beta of 0.85. The firm’s fifty day simple moving average is $45.50 and its two-hundred day simple moving average is $42.78.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.01 billion. Brookfield Infrastructure Partners had a net margin of 3.32% and a return on equity of 1.40%. The company’s revenue was up 61.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. As a group, research analysts predict that Brookfield Infrastructure Partners will post 3.44 EPS for the current fiscal year.

The business also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.502 per share. The ex-dividend date of this dividend is Thursday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 340.68%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC boosted its position in Brookfield Infrastructure Partners by 40.0% during the second quarter. Gradient Investments LLC now owns 1,050 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 300 shares during the last quarter. Coastal Investment Advisors Inc. raised its stake in shares of Brookfield Infrastructure Partners by 266.7% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,100 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 800 shares in the last quarter. Sandy Spring Bank purchased a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter worth about $48,000. Glen Harbor Capital Management LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at about $54,000. Finally, Tyers Asset Management LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at about $75,000. 46.42% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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