Brookfield Infrastructure Partners L.P. (NYSE: BIP) is -7.62% lower on its value in year-to-date trading and has touched a low of $35.28 and a high of $46.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BIP stock was last observed hovering at around $37.74 in the last trading session, with the day’s loss setting it -0.29% off its average median price target of $46.67 for the next 12 months. It is also 24.34% off the consensus price target high of $49.50 offered by 11 analysts, but current levels are 13.57% higher than the price target low of $43.33 for the same period.
Currently trading at $37.45, the stock is -0.69% and -4.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.44 million and changing -0.77% at the moment leaves the stock -6.10% off its SMA200. BIP registered 2.53% gain for a year compared to 6-month gain of -5.29%. The firm has a 50-day simple moving average (SMA 50) of $3.70 and a 200-day simple moving average (SMA200) of $6.86.
The stock witnessed a -5.74% loss in the last 1 month and extending the period to 3 months gives it a -15.82%, and is -2.37% 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 2.28% over the week and 2.30% over the month.
Current P/E ratio is 32.23 and Fwd P/E is 39.46. Profit margin for the company is 4.20%. Distance from 52-week low is 6.15% and -18.60% from its 52-week high. The company has generated returns on investments over the last 12 months (5.50%).
Brookfield Infrastructure Partners L.P. (BIP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Brookfield Infrastructure Partners L.P. (BIP) is a “Buy”. 11 analysts offering their recommendations for the stock have an average rating of 2.30, where 1 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Brookfield Infrastructure Partners L.P. is expected to release its quarterly report on 11/04/2022.The EPS is expected to grow by 403.20% this year.
Brookfield Infrastructure Partners L.P. (BIP) Top Institutional Holders
The shares outstanding are 457.95M, and float is at 305.20M with Short Float at 0.36%.
Brookfield Infrastructure Partners L.P. (BIP) Insider Activity
A total of 3 insider transactions have happened at Brookfield Infrastructure Partners L.P. (BIP) in the last six months, with sales accounting for 0 and purchases happening 3 times.
Brookfield Infrastructure Partners L.P. (BIP): Who are the competitors?
The company’s main competitors (and peers) include National Fuel Gas Company (NFG) that is trading 26.89% up over the past 12 months and TransAlta Corporation (TAC) that is 19.00% higher over the same period.