Brookfield Infrastructure Partners L.P. (BIP): Detailed Summary on Utilities Stock

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Brookfield Infrastructure Partners L.P. (NYSE:BIP) changes shares on Monday trading session, with a change of 0.38% or $0.16 shares. The trading starts at $42.58 and closed at $42.46 throughout the day. The trading session low price was $41.85 and day high was $42.99 on Monday, June 22. After the session, the Utilities sector daily volume shifted to 0.46 million while its average volume is 621.86K. In other hand, the BIP market cap reached to $17.73B. While, its current target price is $42.62 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.65% and up 9.03% for month. Its quarterly performance was 76.26% above, while its half year performance is down -3.68%. BIP yearly performance stood at positive 12.72% and fall -4.41% for year-to-date. Current recommendation for Brookfield Infrastructure Partners L.P. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. BIP EPS (TTM) for 12-month is 0.30. EPS for this year is -82.20%, while for the next year its value is 1.05. Its EPS Q/Q reached 390.90%. It has an EPS of -26.30% down for past five years.

Let’s take a look on the analyst recommendations on BIP for the current month and previous month. For the current month, 9 of 13 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 0 rated it sell, 9 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $40.00-$52.00. Average target price for BIP was reached at $47.31.

Royal Bank of Canada, Bank of Montreal/Can/ and Capital World Investors are the top three holders in Brookfield Infrastructure Partners L.P. (BIP) stock. On Mar 30, 2020, Royal Bank of Canada has 21.57 million shares which valued 775.8 million. On Mar 30, 2020, Bank of Montreal/Can/ owned 19.33 million shares which valued at 695.46 million. On Mar 30, 2020, Capital World Investors has a total of 18.88 million shares which valued at 678.98 million. In the end, Capital World Investors have 6.43% shares outstanding of Brookfield Infrastructure Partners L.P. (BIP) on Mar 30, 2020. The insider ownership moved to 42.30% and institutional holding shifted to 55.30%.

The company posted an EPS (TTM) of 0.30. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.22, while 0.12 EPS posted a year ago period. Analyst Estimated EPS for BIP published in the report was -0.11-0.43 during the same period. Comparing with last year, the average estimated EPS was 0.12 which is lower than 0.13 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for BIP fall -0.74% for period of 200 days. SMA for 50 days was 6.09% which is showing green signal, while SMA-20 was 2.07%. The moving average value for Brookfield Infrastructure Partners L.P. (BIP) is 42.32 and 40.91 for 200 and 50 days respectively.