Todays Report: Today, TD Securities Reaffirmed Buy Rating for Brookfield Infrastructure Partners LP (BIP)

Today, TD Securities Reaffirmed Buy Rating for Brookfield Infrastructure Partners LP (BIP)

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN)‘s stock had its “buy” rating reissued by investment analysts at TD Securities in a report released on Tuesday. They presently have a $38.00 price target on the stock. TD Securities’ price target would indicate a potential upside of 15.01% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group AG reiterated a “buy” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday, September 20th. BMO Capital Markets restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, September 30th. Barclays PLC restated an “equal weight” rating and issued a $42.67 price target (up previously from $42.00) on shares of Brookfield Infrastructure Partners in a research report on Thursday, August 4th. Citigroup Inc. boosted their price target on shares of Brookfield Infrastructure Partners from $31.33 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, September 19th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $47.00 price target (up previously from $46.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, September 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.44.

Brookfield Infrastructure Partners (NYSE:BIP) traded down 0.03% during midday trading on Tuesday, hitting $33.04. 124,524 shares of the stock traded hands. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 43.94 and a beta of 1.08. Brookfield Infrastructure Partners has a 52-week low of $20.33 and a 52-week high of $49.89. The firm’s 50-day moving average is $33.31 and its 200-day moving average is $32.75.

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

Hedge funds have recently modified their holdings of the stock. 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 worth $434,354,000 after buying an additional 869,958 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Brookfield Infrastructure Partners by 58.8% in the third quarter. Bank of Montreal Can now owns 10,082,280 shares of the company’s stock worth $349,251,000 after buying an additional 3,731,612 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Brookfield Infrastructure Partners by 47.8% in the third quarter. TD Asset Management Inc. now owns 8,894,408 shares of the company’s stock worth $307,675,000 after buying an additional 2,874,976 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure Partners by 61.0% in the third quarter. Principal Financial Group Inc. now owns 8,041,227 shares of the company’s stock worth $278,544,000 after buying an additional 3,046,215 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Brookfield Infrastructure Partners by 49.3% in the third quarter. Neuberger Berman Group LLC now owns 7,228,440 shares of the company’s stock worth $250,394,000 after buying an additional 2,385,498 shares in the last quarter. 36.49% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Company Profile

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