Brookfield Infrastructure Partners L.P (NYSE: BIP) is 25.53% higher on its value in year-to-date trading and has touched a low of $25.72 and a high of $36.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BIP stock was last observed hovering at around $33.79 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $34.07, the stock is 2.20% and 5.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 0.83% at the moment leaves the stock 5.09% off its SMA200. BIP registered 7.17% gain for a year compared to 6-month gain of 7.44%.
The stock witnessed a 2.19% loss in the last 1 month and extending the period to 3 months gives it a 12.48%, and is 0.62% up 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 1.67% over the week and 1.88% over the month.
Fwd P/E is 23.45. Profit margin for the company is -0.06%. Distance from 52-week low is 32.47% and -6.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.02%).
The EPS is expected to grow by 2489.62% this year
The shares outstanding are 462.02M, and float is at 455.72M with Short Float at 0.25%.
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.
