How National Bank Financial Currently Rates Brookfield Infrastructure (NYSE:BIP)
National Bank Financial have begun its coverage on Brookfield Infrastructure (NYSE:BIP), today Tuesday, 1 December. The brokerage firm finds the stock of Brookfield Infrastructure (NYSE:BIP) attractive and has given it Outperform rating.
From a total of 6 analysts covering Brookfield Infrastructure Partners (NYSE:BIP) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $51 while the lowest target price is $42. The mean of all analyst targets is $48.5 with a 19.56% above today’s ($42.03) stock price. Brookfield Infrastructure Partners was the topic of 5 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. National Bank Canada initiated shares on December 1 with “Outperform” rating.
Approximately 13,877 shares of stock traded hands. Brookfield Infrastructure Partners L.P. (NYSE:BIP) has declined 6.78% since April 28, 2015 and is downtrending. It has underperformed by 5.15% the S&P500.
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport and energy businesses in North and South America, Australasia and Europe. The company has a market cap of $6.83 billion. Brookfield Infrastructure has appointed Brookfield as its Service Provider to provide certain management, administrative and advisory services for a fee under the Master Services Agreement. It has 30.55 P/E ratio. Brookfield owns an approximate 28.5% interest in Brookfield Infrastructure.
According to Zacks Investment Research, “BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier electricity transmission systems and timberlands in North and South America, and it seeks acquisition opportunities in other infrastructure sectors with similar attributes.” Get a free copy of the Zacks research report on Brookfield Infrastructure Partners L.P. (BIP)