Brookfield Infrastructure Partners (NYSE:BIP) Has Lost a Vote of Confidence Today From BidaskScore. What Does This Ultimately Mean

Brookfield Infrastructure Partners L.P. (NYSE:BIP) Logo

Brookfield Infrastructure Partners (NYSE:BIP) Receives a Downgrade

Brookfield Infrastructure Partners (NYSE:BIP) shares were lowered by BidaskScore to a “Buy” rating in an analyst report published on 12 October.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) Ratings Coverage

Among 4 analysts covering Brookfield Infrastructure Partners (NYSE:BIP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Brookfield Infrastructure Partners has $5300 highest and $4600 lowest target. $50.63’s average target is 4.56% above currents $48.42 stock price. Brookfield Infrastructure Partners had 9 analyst reports since April 24, 2019 according to SRatingsIntel. Bank of America maintained the shares of BIP in report on Monday, September 23 with “Buy” rating. Barclays Capital maintained the shares of BIP in report on Monday, September 30 with “Equal-Weight” rating. The rating was maintained by Bank of America on Tuesday, July 30 with “Buy”. The stock has “Neutral” rating by Credit Suisse on Thursday, July 18. RBC Capital Markets maintained the shares of BIP in report on Friday, September 27 with “Outperform” rating.

The stock decreased 0.78% or $0.38 during the last trading session, reaching $48.42. About 308,945 shares traded. Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 8.18% since October 13, 2018 and is uptrending. It has outperformed by 8.18% the S&P500.

Analysts await Brookfield Infrastructure Partners L.P. (NYSE:BIP) to report earnings on November, 1. They expect $0.84 earnings per share, up 18.31 % or $0.13 from last year’s $0.71 per share. BIP’s profit will be $245.72 million for 14.41 P/E if the $0.84 EPS becomes a reality. After $0.85 actual earnings per share reported by Brookfield Infrastructure Partners L.P. for the previous quarter, Wall Street now forecasts -1.18 % negative EPS growth.

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company has market cap of $14.16 billion. The companyÂ’s Utilities segment operates a port facility that exports metallurgical and thermal coal mined in the central Bowen Basin region of Queensland, Australia; approximately 11,200 kilometers of transmission lines in North and South America; and approximately 2.8 million electricity and natural gas connections in the United Kingdom and Colombia. It has a 1513.12 P/E ratio. The Company’s Transport segment provides transportation, storage, and handling services for freight, bulk commodities, and passengers through a network of 5,500 kilometers of track network in south of Western Australia; approximately 4,800 kilometers of rail in South America; approximately 3,600 kilometers of motorways in Brazil, Chile, Peru, and India; and 36 port terminals in North America, the United Kingdom, Australia, and Europe.

More notable recent Brookfield Infrastructure Partners L.P. (NYSE:BIP) news were published by: Fool.com which released: “Is Brookfield Infrastructure Partners a Buy? – Motley Fool” on April 07, 2019, also Fool.com with their article: “Better Buy: Brookfield Infrastructure Partners vs. Brookfield Asset Management – Motley Fool” published on March 09, 2019, Fool.com published: “Better Buy: Brookfield Infrastructure Partners vs. NextEra Energy – The Motley Fool” on August 24, 2019. More interesting news about Brookfield Infrastructure Partners L.P. (NYSE:BIP) were released by: Fool.ca and their article: “2 Dividend Stocks to Protect Your Portfolio From Recessions – The Motley Fool Canada” published on October 05, 2019 as well as Fool.ca‘s news article titled: “This 1 Defensive Dividend Stock Is All You Need to Survive a Market Crash – The Motley Fool Canada” with publication date: October 10, 2019.

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