Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Brookfield Infrastructure Partners (BIP) Share Price

News articles about Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookfield Infrastructure Partners earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.0570161478525 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Shares of Brookfield Infrastructure Partners (NYSE BIP) traded up 0.14% during trading on Friday, reaching $42.51. The company’s stock had a trading volume of 295,015 shares. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 93.43 and a beta of 1.11. The company has a 50-day moving average price of $40.84 and a 200-day moving average price of $38.80. Brookfield Infrastructure Partners has a one year low of $30.76 and a one year high of $43.48.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.86. Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. The firm had revenue of $934 million for the quarter, compared to the consensus estimate of $768 million. On average, equities research analysts forecast that Brookfield Infrastructure Partners will post $1.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 370.22%.

A number of analysts recently commented on the company. Zacks Investment Research lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Friday. TD Securities raised their price target on Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Raymond James Financial, Inc. raised their price target on Brookfield Infrastructure Partners from $43.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, June 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.72.

COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Brookfield Infrastructure Partners (BIP) Share Price” was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://stocknewstimes.com/2017/08/12/brookfield-infrastructure-partners-bip-getting-somewhat-favorable-press-coverage-accern-reports-updated-updated.html.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Insider Buying and Selling by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

Receive News & Ratings for Brookfield Infrastructure Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply