Brookfield Infrastructure Partners L.P. (NYSE:BIP) has been downgraded to Outperform in a report by Raymond James Financial Inc. today.
- Updated: September 26, 2016
Raymond James Financial Inc. has downgraded Brookfield Infrastructure Partners L.P. (NYSE:BIP) to Outperform in a statement released on 9/26/2016.
On Monday September 19, 2016, Citigroup released a statement on Brookfield Infrastructure Partners L.P. (NYSE:BIP) upped the target price from $31.33 to $35.00 that suggested an upside of 0.05%.
Having a price of $34.67, Brookfield Infrastructure Partners L.P. (NYSE:BIP) traded 0.23% higher on the day. With the last stock price close up 12.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. BIP has recorded a 50-day moving average of $36.97 and a 200-day moving average of $30.83. 80,903 shares of BIP traded hands, down from an average trading volume of 215,639
Recent Performance Chart
Brookfield Infrastructure Partners L.P. has 52 week low of $20.33 and a 52 week high of $49.89 with a P/E ratio of 38.73 and has a market cap of $0.
In addition to Raymond James Financial Inc. reporting its target price, a total of 7 brokers have issued a report on the stock. The consensus target price is $45.89 with two equity analysts rating the company a strong buy, five equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For Brookfield Infrastructure Partners L.P. (NYSE:BIP)
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. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections. Its transport segment consists of open access systems that provide transportation for freight, bulk commodities and passengers. Its energy segment consists of systems that provide energy transportation, distribution and storage services. Its communications infrastructure segment provides services and infrastructure to the media broadcasting and telecom sectors.
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