Brookfield Infrastructure Partners (NYSE:BIP) Lowered to Sell at StockNews.com

Brookfield Infrastructure Partners (NYSE:BIPGet Free Report) (TSE:BIP.UN) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other analysts have also weighed in on BIP. BMO Capital Markets cut their target price on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group cut their target price on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

View Our Latest Research Report on Brookfield Infrastructure Partners

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP opened at $29.56 on Friday. The company’s 50 day simple moving average is $28.80 and its 200 day simple moving average is $29.51. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 95.35 and a beta of 1.04. Brookfield Infrastructure Partners has a 1 year low of $21.03 and a 1 year high of $37.32.

Brookfield Infrastructure Partners (NYSE:BIPGet Free Report) (TSE:BIP.UN) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The firm had revenue of $5.19 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 2.05% and a return on equity of 1.23%. As a group, analysts anticipate that Brookfield Infrastructure Partners will post 3.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at $30,000. Heritage Wealth Advisors bought a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $31,000. Clear Point Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth about $33,000. Rational Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth about $39,000. Finally, Bromfield Sneider Wealth Advisors bought a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth about $39,000. 57.92% of the stock is owned by institutional investors.

About Brookfield Infrastructure Partners

(Get Free Report)

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.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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