Brookfield Infrastructure Partners L.P. (NYSE:BIP) shares traded -1.95% lower at $30.23 on Wall Street last session.
In accordance with the data, 11 analysts cover Brookfield Infrastructure Partners L.P. (NYSE:BIP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $49.00 and a low of $29.00, we find $44.00. Given the previous closing price of $30.83, this indicates a potential upside of 42.72 percent. BIP stock price is now -14.18% away from the 50-day moving average and -22.63% away from the 200-day moving average. The market capitalization of the company currently stands at $19.47B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
It has been rated a hold by 1 analysts and a buy by 8. Brokers who have rated the stock have averaged $42.59 as their price target over the next twelve months.
On June 30, 2022, Credit Suisse Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $49.50, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’.
Insiders disposed of 374,467 shares of company stock worth roughly $11.32 million over the past 1 year. A total of 42.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BIP stock. A new stake in Brookfield Infrastructure Partners L.P. shares was purchased by HRT FINANCIAL LP during the first quarter worth $6,397,000. BAMCO INC /NY/ invested $3,548,000 in shares of BIP during the first quarter. In the first quarter, BAKER TILLY WEALTH MANAGEMENT, LLC acquired a new stake in Brookfield Infrastructure Partners L.P. valued at approximately $442,000. GSA CAPITAL PARTNERS LLP acquired a new stake in BIP for approximately $442,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. purchased a new stake in BIP valued at around $374,000 in the second quarter. In total, there are 446 active investors with 64.40% ownership of the company’s stock.
Brookfield Infrastructure Partners L.P. (NYSE: BIP) opened at $30.50 on Wednesday. During the past 12 months, Brookfield Infrastructure Partners L.P. has had a low of $30.45 and a high of $46.01. As of last week, the company has a debt-to-equity ratio of 4.25, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for BIP is $35.22 and a two-hundred day moving average price translates $39.07 for the stock.
The latest earnings results from Brookfield Infrastructure Partners L.P. (NYSE: BIP) was released for Jun, 2022. According to the Utilities – Diversified Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.15 by 0.03. This compares to $0.48 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 2.00% for BIP. The company reported revenue of $3.63 billion for the quarter, compared to $2.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.41 percent. For the current quarter, analysts expect BIP to generate $2.87B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 11/30/2022 were paid a $0.36 dividend. On an annualized basis, this represents a $1.44 dividend and a 4.76% percent yield. There was an ex-dividend date of 11/29/2022 for this dividend. In terms of dividend payout ratio, BIP is presently at 409.30%.
Brookfield Infrastructure Partners L.P.(BIP) Company Profile
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 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services. This segment also offers heating and cooling solutions; gas distribution; water heaters; and heating, ventilation, and air conditioner rental, as well as other home services. Its Transport segment offers transportation, storage, and handling services for merchandise goods, commodities, and passengers through a network of approximately 22,000 km of track; 5,500 km of track network; 4,800 km of rail; 3,800 km of motorways; and 13 port terminals. The company’s Midstream segment offers natural gas transmission, gathering and processing, and storage services through approximately 15,000 km of natural gas transmission pipelines; 600 billion cubic feet of natural gas storage; 17 natural gas processing plants; and 3,900 km of gas gathering pipelines, as well as one petrochemical processing complex. Its Data segment operates approximately 148,000 operational telecom towers; 8,000 multi-purpose towers and active rooftop sites; 10,000 km of fiber backbone; 1,600 cell sites and approximately 12,000 km of fiber optic cable; and 2,100 active telecom towers and 70 distributed antenna systems, as well as 50 data centers and 200 megawatts of critical load capacity. The company was founded in 2007 and is based in Hamilton, Bermuda. Brookfield Infrastructure Partners L.P. is a subsidiary of Brookfield Asset Management Inc.
