Brookfield Infrastructure Partners LP (BIP) Now Covered by Credit Suisse Group

Credit Suisse Group initiated coverage on shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) in a report issued on Monday. The brokerage set a “neutral” rating and a $44.00 price target on the utilities provider’s stock. Credit Suisse Group’s target price would suggest a potential upside of 0.78% from the stock’s previous close.

A number of other research analysts have also weighed in on BIP. Scotiabank increased their price target on Brookfield Infrastructure Partners from $42.50 to $43.50 and gave the stock an “outperform” rating in a research note on Friday, August 4th. TD Securities increased 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, August 8th. Royal Bank of Canada increased their price target on Brookfield Infrastructure Partners from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Zacks Investment Research lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.20.

Shares of Brookfield Infrastructure Partners (BIP) opened at 43.66 on Monday. The stock has a market cap of $11.34 billion, a P/E ratio of 95.96 and a beta of 1.09. The firm has a 50-day moving average price of $42.96 and a 200-day moving average price of $40.26. Brookfield Infrastructure Partners has a 52-week low of $30.76 and a 52-week high of $44.91.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.86). Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. On average, analysts anticipate that Brookfield Infrastructure Partners will post $1.35 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of BIP. US Bancorp DE raised its position in shares of Brookfield Infrastructure Partners by 113.5% in the 1st quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock worth $121,000 after buying an additional 1,660 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Brookfield Infrastructure Partners in the 1st quarter worth $350,000. Stifel Financial Corp raised its position in shares of Brookfield Infrastructure Partners by 48.9% in the 1st quarter. Stifel Financial Corp now owns 18,076 shares of the utilities provider’s stock worth $699,000 after buying an additional 5,933 shares during the period. Kings Point Capital Management raised its position in shares of Brookfield Infrastructure Partners by 2.0% in the 1st quarter. Kings Point Capital Management now owns 68,750 shares of the utilities provider’s stock worth $2,659,000 after buying an additional 1,316 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of Brookfield Infrastructure Partners by 23.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 316,362 shares of the utilities provider’s stock worth $12,234,000 after buying an additional 59,614 shares during the period. 41.64% of the stock is currently owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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