Today, Brookfield Infrastructure Partners LP (BIP) Stock Rating Reaffirm by Barclays PLC

Today, Brookfield Infrastructure Partners LP (BIP) Stock Rating Reaffirm by Barclays PLC

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN)‘s stock had its “equal weight” rating reissued by investment analysts at Barclays PLC in a report issued on Tuesday. They currently have a $48.00 price target on the stock, up from their previous price target of $45.00. Barclays PLC’s target price indicates a potential upside of 45.28% from the company’s current price.

BIP has been the topic of a number of other reports. Credit Suisse Group AG reiterated a “buy” rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, September 20th. RBC Capital Markets restated an “outperform” rating and issued a $47.00 price objective (up from $46.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, September 26th. Citigroup Inc. upped their price objective on Brookfield Infrastructure Partners from $31.33 to $35.00 and gave the company a “neutral” rating in a research report on Monday, September 19th. Raymond James Financial Inc. downgraded Brookfield Infrastructure Partners from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $36.00 to $39.00 in a research report on Monday, September 26th. Finally, Royal Bank Of Canada upped their price objective on Brookfield Infrastructure Partners from $32.67 to $35.33 and gave the company an “outperform” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.44.

Brookfield Infrastructure Partners (NYSE:BIP) traded down 0.03% during trading on Tuesday, reaching $33.04. The company’s stock had a trading volume of 124,524 shares. Brookfield Infrastructure Partners has a 1-year low of $20.33 and a 1-year high of $49.89. The company’s 50-day moving average is $33.31 and its 200-day moving average is $32.75. The company has a market capitalization of $8.05 billion, a P/E ratio of 43.94 and a beta of 1.08.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be given a dividend of $0.2911 per share. The ex-dividend date is Monday, November 28th. This represents a $1.16 annualized dividend and a yield of 3.52%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 210.27%.

Large investors have recently made changes to their positions in the company. CIBC World Markets Inc. raised its stake in shares of Brookfield Infrastructure Partners by 34.5% in the second quarter. CIBC World Markets Inc. now owns 558,078 shares of the company’s stock valued at $25,259,000 after buying an additional 143,026 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Brookfield Infrastructure Partners by 9.2% in the first quarter. Royal Bank of Canada now owns 10,309,879 shares of the company’s stock valued at $434,354,000 after buying an additional 869,958 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $287,431,000. CI Global Investments Inc. raised its stake in shares of Brookfield Infrastructure Partners by 0.4% in the second quarter. CI Global Investments Inc. now owns 373,565 shares of the company’s stock valued at $16,908,000 after buying an additional 1,382 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Brookfield Infrastructure Partners by 63.7% in the third quarter. Jennison Associates LLC now owns 370,831 shares of the company’s stock valued at $12,846,000 after buying an additional 144,245 shares in the last quarter. Institutional investors own 36.49% of the company’s stock.

About Brookfield Infrastructure Partners

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