Brookfield Infrastructure Partners (NYSE:BIP) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) in a report issued on Thursday. The firm set a “sell” rating on the utilities provider’s stock.

A number of other brokerages also recently commented on BIP. National Bankshares boosted their target price on Brookfield Infrastructure Partners from $38.00 to $39.00 and gave the company a “sector perform” rating in a research note on Friday, May 5th. Raymond James decreased their price target on Brookfield Infrastructure Partners from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, January 26th. Wells Fargo & Company upped their price target on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, April 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 price target on shares of Brookfield Infrastructure Partners in a research note on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.75.

Brookfield Infrastructure Partners Stock Up 0.4 %

Shares of Brookfield Infrastructure Partners stock opened at $36.63 on Thursday. The stock’s fifty day moving average is $34.17 and its 200-day moving average is $34.42. The firm has a market capitalization of $16.79 billion, a PE ratio of 457.93 and a beta of 0.88. Brookfield Infrastructure Partners has a 12-month low of $30.03 and a 12-month high of $43.62.

Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.79). Brookfield Infrastructure Partners had a net margin of 1.67% and a return on equity of 1.00%. The business had revenue of $4.22 billion for the quarter. Analysts expect that Brookfield Infrastructure Partners will post 3.07 EPS for the current year.

Institutional Trading of Brookfield Infrastructure Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its holdings in shares of Brookfield Infrastructure Partners by 8,107.7% during the first quarter. Acadian Asset Management LLC now owns 1,067 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,054 shares during the period. Power Corp of Canada bought a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $73,000. Clear Street Markets LLC bought a new position in Brookfield Infrastructure Partners in the 4th quarter worth approximately $38,000. Fairfield Bush & CO. purchased a new stake in Brookfield Infrastructure Partners in the 1st quarter worth approximately $81,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter valued at $43,000. Institutional investors own 57.81% of the company’s stock.

About Brookfield Infrastructure Partners

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Brookfield Infrastructure Partners LP operates as an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Midstream, and Data.