Jefferies Financial Group Lowers Brookfield Infrastructure Partners (NYSE:BIP) Price Target to $34.00

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price reduced by research analysts at Jefferies Financial Group from $37.00 to $34.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 29.13% from the company’s previous close.

Several other brokerages also recently issued reports on BIP. National Bankshares downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price target for the company. in a report on Tuesday, January 30th. BMO Capital Markets raised their target price on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. TD Securities lowered their target price on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. National Bank Financial downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 30th. Finally, Raymond James raised their target price on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.60.

Brookfield Infrastructure Partners Trading Up 3.0 %

Shares of BIP opened at $26.33 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $12.15 billion, a P/E ratio of 187.73 and a beta of 0.95. The stock’s fifty day simple moving average is $29.43 and its 200 day simple moving average is $28.68. Brookfield Infrastructure Partners has a twelve month low of $21.03 and a twelve month high of $37.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). The firm had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. On average, equities research analysts forecast that Brookfield Infrastructure Partners will post 3.32 earnings per share for the current year.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently bought and sold shares of BIP. Cullen Frost Bankers Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $30,000. Heritage Wealth Advisors bought a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $31,000. 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 buying an additional 1,054 shares during the last quarter. Clear Street Markets LLC bought a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $38,000. Finally, Rational Advisors LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter worth approximately $39,000. Institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

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.