Brookfield Infrastructure Corporation (NYSE: BIPC) is 51.04% higher on its value in year-to-date trading and has touched a low of $32.54 and a high of $51.80 in the current 52-week trading range. The BIPC stock was last observed hovering at around $49.15 in the last trading session, with the day’s loss setting it -1.31% off its average median price target of $48.93 for the next 12 months. It is also 9.74% off the consensus price target high of $53.00 offered by 2 analysts, but current levels are -6.64% lower than the price target low of $44.86 for the same period.
Currently trading at $47.84, the stock is -0.74% and 7.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.57 million and changing -2.67% at the moment leaves the stock 10.62% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $46.45 and a 200-day simple moving average (SMA200) of $43.25.
The stock witnessed a 12.73% gain in the last 1 month and is -0.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.76% over the week and 3.47% over the month.
Brookfield Infrastructure Corporation (BIPC) has around 1300 employees, a market worth around $2.25B and $1.60B in sales. Current P/E ratio is 8.56. Distance from 52-week low is 47.02% and -7.64% from its 52-week high. The company has generated returns on investments over the last 12 months (14.80%).
Brookfield Infrastructure Corporation (BIPC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Brookfield Infrastructure Corporation (BIPC) is a “Buy”. 2 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Brookfield Infrastructure Corporation is expected to release its quarterly report on 09/02/2020.The EPS is expected to shrink by -2.50% this year.
Brookfield Infrastructure Corporation (BIPC) Top Institutional Holders
93 institutions hold shares in Brookfield Infrastructure Corporation (BIPC), with 66.28k shares held by insiders accounting for 0.14% while institutional investors hold 39.00% of the company’s shares. The shares outstanding are 46.35M, and float is at 46.28M with Short Float at 0.51%. Institutions hold 38.94% of the Float.
The top institutional shareholder in the company is Capital World Investors with over 2.1 million shares valued at $68.25 million. The investor’s holdings represent 4.52% of the BIPC Shares outstanding. As of Mar 30, 2020, the second largest holder is TD Asset Management, Inc with 0.83 million shares valued at $26.91 million to account for 1.78% of the shares outstanding. The other top investors are Royal Bank of Canada which holds 0.76 million shares representing 1.64% and valued at over $24.68 million, while Manufacturers Life Insurance Co. holds 1.61% of the shares totaling 0.74 million with a market value of $24.21 million.