Research Analysts Offer Predictions for Brookfield Infrastructure Partners L.P.’s Q1 2018 Earnings (BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Investment analysts at National Bank Financial issued their Q1 2018 earnings estimates for Brookfield Infrastructure Partners in a research report issued to clients and investors on Sunday. National Bank Financial analyst R. Merer forecasts that the utilities provider will earn $0.84 per share for the quarter. National Bank Financial has a “Outperform” rating and a $46.50 price target on the stock. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $4.06 EPS.

BIP has been the topic of several other reports. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Royal Bank of Canada increased their target price on shares of Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Scotiabank reissued an “outperform” rating and set a $59.50 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, November 28th. BMO Capital Markets set a $47.00 target price on shares of Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Raymond James Financial increased their target price on shares of Brookfield Infrastructure Partners from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Brookfield Infrastructure Partners has an average rating of “Buy” and a consensus price target of $47.23.

Brookfield Infrastructure Partners (NYSE:BIP) opened at $40.67 on Tuesday. The stock has a market cap of $14,131.03, a price-to-earnings ratio of -1,016.75, a P/E/G ratio of 1.05 and a beta of 0.94. Brookfield Infrastructure Partners has a 12 month low of $35.30 and a 12 month high of $46.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.17.

Brookfield Infrastructure Partners announced that its Board of Directors has approved a stock buyback plan on Tuesday, November 7th that permits the company to repurchase 13,820,000 shares. This repurchase authorization permits the utilities provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its holdings in Brookfield Infrastructure Partners by 1.4% during the second quarter. Citigroup Inc. now owns 7,102 shares of the utilities provider’s stock worth $290,000 after buying an additional 100 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Brookfield Infrastructure Partners by 1.9% during the third quarter. D.A. Davidson & CO. now owns 61,973 shares of the utilities provider’s stock worth $2,673,000 after buying an additional 1,156 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Brookfield Infrastructure Partners by 13.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the utilities provider’s stock worth $477,000 after buying an additional 1,259 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Brookfield Infrastructure Partners by 5.7% in the fourth quarter. Keybank National Association OH now owns 24,009 shares of the utilities provider’s stock valued at $1,076,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Kings Point Capital Management raised its holdings in shares of Brookfield Infrastructure Partners by 1.8% in the fourth quarter. Kings Point Capital Management now owns 77,342 shares of the utilities provider’s stock valued at $3,466,000 after purchasing an additional 1,386 shares during the last quarter. Hedge funds and other institutional investors own 45.81% of the company’s stock.

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Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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