BIP stock has undergone multiple analysts rating changes in the recent past. Brookfield Infrastructure Partners stock Target Raised by Wells Fargo & Company on 10/13/2021. In a note to investors, the firm issued a new target price of $63.00. The analysts previously had $62.00 target price. Wells Fargo & Company’s price target would indicate a potential upside of 12.42% from the stock’s previous close.
Shares of Brookfield Infrastructure Partners traded up $0.17 on Tuesday, reaching $56.22. 18371 shares of the stock traded hands, compared to its average volume of 252966. On Tuesday, Shares of Brookfield Infrastructure Partners closed at $56.22. The firm’s 50 day moving average is $56.13 and its 200 day moving average is $54.10.Brookfield Infrastructure Partners has a 12 month low of $42.29 and a 12 month high of $58.58. While on yearly highs and lows, Brookfield Infrastructure Partners today has traded high as $56.41 and has touched $55.83 on the downward trend.
Brookfield Infrastructure Partners Earnings and What to expect:
Brookfield Infrastructure Partners last posted its quarterly earnings data on August 5th, 2021. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.83 by $0.22. The company had revenue of $2.66 billion for the quarter. Brookfield Infrastructure Partners has generated $0.35 earnings per share over the last year ($1.34 diluted earnings per share) and currently has a price-to-earnings ratio of 41.8. Earnings for Brookfield Infrastructure Partners are expected to grow by 2.59% in the coming year, from $3.48 to $3.57 per share. Brookfield Infrastructure Partners has confirmed that its next quarterly earnings report will be published on Wednesday, November 3rd, 2021. Brookfield Infrastructure Partners will be holding an earnings conference call on Wednesday, November 3rd at 9:00 AM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “6329445”.
Earnings for Brookfield Infrastructure Partners are expected to grow by 2.59% in the coming year, from $3.48 to $3.57 per share. The P/E ratio of Brookfield Infrastructure Partners is 41.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Brookfield Infrastructure Partners is 41.82, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 14.19. Brookfield Infrastructure Partners has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Brookfield Infrastructure Partners (NYSE:BIP) Moving Average Technical Analysis
5 day Moving Average is $$56.19 And 5 day price change is -$0.35 (-0.62%) with average volume for 5 day average is 246,720. While technical analysis for average 20 days shows significant difference, 20 day moving average is $55.93 and 20 day price change is -$1.01 (-1.77%) and average 20 day moving volume is 293,300. 50 day moving average is $56.13 and 50 day price change is $1.97 ( 3.64%) and with average volume for 50 days is : 219,142. 200 day moving average is $54.10 and 200 day price change is $5.81 (11.57%) and with average volume for 200 days is : 259,087.
Other owners latest trading in BIP :
- On 10/12/2021 shares held by Koshinski Asset Management Inc. were 3,968 which equates to market value of $0.22M and appx 0.00% owners of BIP
- On 10/7/2021 shares held by Nexus Investment Management ULC were 635,304 which equates to market value of $35.48M and appx 3.80% owners of BIP
- On 10/6/2021 shares held by Leith Wheeler Investment Counsel Ltd. were 195,098 which equates to market value of $10.95M and appx 1.60% owners of BIP
- In total Institutional ownership equates to Institutional Ownership Percentage: 52.54% for BIP
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