National Bankshares Forecasts Strong Price Appreciation for Brookfield Infrastructure Partners (NYSE:BIP) Stock

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective upped by investment analysts at National Bankshares from $36.00 to $38.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. National Bankshares’ target price would indicate a potential upside of 12.46% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. Royal Bank Of Canada set a $40.00 target price on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a report on Wednesday, August 27th. Wall Street Zen upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield Infrastructure Partners in a research note on Monday. Morgan Stanley set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, December 2nd. Finally, Jefferies Financial Group set a $37.00 price target on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Brookfield Infrastructure Partners Trading Down 0.1%

Brookfield Infrastructure Partners stock traded down $0.05 during trading on Wednesday, reaching $33.79. The company had a trading volume of 426,781 shares, compared to its average volume of 541,239. Brookfield Infrastructure Partners has a 12-month low of $25.72 and a 12-month high of $36.58. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.85. The stock’s 50 day moving average price is $34.95 and its two-hundred day moving average price is $33.05. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 50.42 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 2.74% and a net margin of 3.70%.The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business earned $0.76 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts expect that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in Brookfield Infrastructure Partners during the second quarter valued at approximately $46,203,000. Addenda Capital Inc. grew its position in shares of Brookfield Infrastructure Partners by 13.5% in the 2nd quarter. Addenda Capital Inc. now owns 704,591 shares of the utilities provider’s stock worth $23,604,000 after acquiring an additional 83,770 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 46.7% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 2,503,764 shares of the utilities provider’s stock valued at $83,739,000 after acquiring an additional 797,429 shares during the last quarter. Value Partners Investments Inc. raised its position in shares of Brookfield Infrastructure Partners by 99.5% during the 2nd quarter. Value Partners Investments Inc. now owns 47,294 shares of the utilities provider’s stock valued at $1,581,000 after acquiring an additional 23,582 shares in the last quarter. Finally, Aviso Financial Inc. raised its position in shares of Brookfield Infrastructure Partners by 30.2% during the 2nd quarter. Aviso Financial Inc. now owns 383,100 shares of the utilities provider’s stock valued at $12,832,000 after acquiring an additional 88,948 shares in the last quarter. 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.