Brookfield Infrastructure Partners L.P (NYSE: BIP) is -9.22% lower on its value in year-to-date trading and has touched a low of $24.84 and a high of $36.50 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 $30.21 in the last trading session, with the day’s loss setting it -1.35%.
Currently trading at $28.86, the stock is -10.57% and -10.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -4.47% at the moment leaves the stock -9.97% off its SMA200. BIP registered 0.66% gain for a year compared to 6-month gain of -7.41%.
The stock witnessed a -11.82% loss in the last 1 month and extending the period to 3 months gives it a -17.87%, and is -9.22% 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 3.47% over the week and 2.57% over the month.
Brookfield Infrastructure Partners L.P (BIP) has around 52000 employees, a market worth around $18.81B and $21.04B in sales. Current P/E ratio is 719.70 and Fwd P/E is 21.03. Profit margin for the company is 0.09%. Distance from 52-week low is 16.18% and -20.93% from its 52-week high. The company has generated returns on investments over the last 12 months (0.03%).
with sales reaching $2B over the same period.The EPS is expected to grow by 2477.54% this year, but quarterly earnings will post 3.13% year-over-year. Quarterly sales are estimated to shrink -61.37% in year-over-year returns.
The shares outstanding are 461.51M, and float is at 458.06M with Short Float at 0.26%.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 44.75 million shares valued at $1.23 billion. The investor’s holdings represent 9.6958 of the BIP Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 38.13 million shares valued at $1.05 billion to account for 8.2612 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 28.57 million shares representing 6.1905 and valued at over $808.23 million, while PRINCIPAL FINANCIAL GROUP INC holds 5.0267 of the shares totaling 23.19 million with a market value of $636.42 million.
