Brokers Issue New Targets On Brookfield Infrastructure Partners LP (NYSE:BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 38.95% since September 12, 2016 and is uptrending.

Shares last traded at $41.97 marginally under the 50 day moving average which is $42.58 and marginally over the 200 day moving average of $39.96.

Brookfield Infrastructure Partn shares had a trading volume of 1,432K on Tuesday. Pacifica Capital Investments Llc owns 873,303 shares or 10.09% of their USA portfolio. Over the past month the firm's stock is 14.51%, 3.38% for the last quarter, 16.32% for the past six-months and 99.46% for the a year ago. Sheaff Brock Investment Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the second quarter worth approximately $203,000. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. The company's institutional ownership is monitored at 46.7 percent. They now have a Dollars 48 price target on the stock. The company has market cap of $16.13 billion. Brookfield Infrastructure Partners LP has a 52-week low of $30.76 and a 52-week high of $44.91. Scotia Capital maintained the shares of BIP in report on Thursday, August 6 with "Sector Perform" rating. The business had revenue of $934 million for the quarter, compared to analyst estimates of $768 million.

05/01/2015 - Brookfield Infrastructure Partners LP was downgraded to "sell" by analysts at Zacks. As per Friday, June 16, the company rating was upgraded by Credit Suisse. This dividend amount will represent a yeild of $4.08. The stock realized a fall in short interest between July 31, 2017 and August 15, 2017 of -4.01%.

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Brookfield Infrastructure Partners L.P. (NYSE:BIP)'s earnings per share has been growing at a 26.5 percent rate over the past 5 year when average revenue increase was noted as 13.7 percent. RBC Capital's TP would suggest a possible upside of 7.24 % from the last close price of the company.

Recent session action on shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) puts the stock on today's active list. RBC Capital Markets maintained the shares of BIP in report on Thursday, February 4 with "Outperform" rating. Raymond James downgraded the shares of BIP in report on Monday, September 26 to "Outperform" rating. Brookfield Infrastructure Partners has a consensus rating of "Buy" and a consensus price target of $45.95.

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 divisions 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).

These funds have shifted positions in (BIP).

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