Brookfield Infrastructure Partners L.P (NYSE: BIP) is -13.56% 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 $29.36 in the last trading session, with the day’s loss setting it -1.88%.
Currently trading at $27.48, the stock is -5.48% and -10.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -6.40% at the moment leaves the stock -14.33% off its SMA200. BIP registered -5.99% loss for a year compared to 6-month loss of -18.65%. The firm has a 50-day simple moving average (SMA 50) of $30.6404 and a 200-day simple moving average (SMA200) of $32.0752.
The stock witnessed a -3.21% gain in the last 1 month and extending the period to 3 months gives it a -16.07%, and is -7.29% 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 8.72% over the week and 4.20% over the month.
Current P/E ratio is 2568.22 and Fwd P/E is 18.10. Profit margin for the company is 0.02%. Distance from 52-week low is 10.63% and -24.71% from its 52-week high. The company has generated returns on investments over the last 12 months (0.01%).
with sales reaching $2B over the same period.The EPS is expected to grow by 2830.13% 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.
413.0 institutions hold shares in Brookfield Infrastructure Partners L.P (BIP), with institutional investors hold 62.58% of the company’s shares. The shares outstanding are 461.86M, and float is at 458.06M with Short Float at 0.26%. Institutions hold 62.58% of the Float.
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 5.0256 of the shares totaling 23.19 million with a market value of $636.42 million.
