The price of Brookfield Infrastructure Partners L.P (NYSE:BIP) shares last traded on Wall Street rose 1.28% to $26.92.
Based on available information, 11 analysts follow Brookfield Infrastructure Partners L.P (NYSE:BIP). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $27.50, we find $38.00. Given the previous closing price of $26.58, this indicates a potential upside of 42.96 percent. BIP stock price is now -0.83% away from the 50-day moving average and -17.34% away from the 200-day moving average. The market capitalization of the company currently stands at $12.35B.
Among analysts, 1 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $36.55 as their price target over the next twelve months.
With the price target maintained at $33, National Bank Financial recently Upgraded its rating from Sector Perform to Outperform for Brookfield Infrastructure Partners L.P (NYSE: BIP).
Insiders disposed of 748,934 shares of company stock worth roughly $20.16 million over the past 1 year. A total of 0.13% of the company’s stock is owned by insiders.
A candlestick chart of Brookfield Infrastructure Partners L.P (NYSE: BIP) showed a price of $26.62 on Wednesday morning. During the past 12 months, Brookfield Infrastructure Partners L.P has had a low of $21.03 and a high of $38.20. As of last week, the company has a debt-to-equity ratio of 7.56, a current ratio of 0.70, and a quick ratio of 0.66. According to the stock market information, the enterprise value for the company is $54.29B, which is based on a 80.72 price-to-earnings ratio, a 5.14 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for BIP is $27.15 and a two-hundred day moving average price translates $32.57 for the stock.
The latest earnings results from Brookfield Infrastructure Partners L.P (NYSE: BIP) was released for Sep, 2023. According to the Utilities – Diversified Company, earnings per share came in at $0.03, missing analysts’ expectations of $0.13 by -0.1. This compares to $0.05 EPS in the same period last year. The net profit margin was 0.92% and return on equity was 2.85% for BIP. The company reported revenue of $4.49 billion for the quarter, compared to $3.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.71 percent. For the current quarter, analysts expect BIP to generate $2.57B in revenue.
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 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services. This segment also offers heating, cooling, and energy 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 11 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 10,600 km of gas gathering pipelines, as well as 525,000 tonnes polypropylene production capacity. Its Data segment operates approximately 207,000 operational telecom towers; approximately 46,600 km of fiber optic cables; approximately 881,000 fiber-to-the-premise connections; two semiconductor manufacturing facilities; and 70 distributed antenna systems, as well as 50 data centers and 230 megawatts of critical load capacity. The company was incorporated in 2007 and is based in Hamilton, Bermuda.Brookfield Infrastructure Partners L.P operates as a subsidiary of Brookfield Corporation.
