Is Brookfield Infrastructure Partners (NYSE:BIP) now a ‘Sell’ After a BidaskScore Downgrade?

Brookfield Infrastructure Partners L.P. (NYSE:BIP) Logo

Brookfield Infrastructure Partners (NYSE:BIP) Receives a Downgrade

Brookfield Infrastructure Partners (NYSE:BIP) shares have been decreased to a Buy rating by stock analysts at BidaskScore. BIP’s past rating is now invalid according to the BidaskScore analysts.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) Ratings Coverage

Among 4 analysts covering Brookfield Infrastructure Partners (NYSE:BIP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Brookfield Infrastructure Partners has $5300 highest and $4600 lowest target. $50.63’s average target is 4.56% above currents $48.42 stock price. Brookfield Infrastructure Partners had 9 analyst reports since April 24, 2019 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, September 27 by RBC Capital Markets. As per Monday, September 23, the company rating was maintained by Bank of America. Credit Suisse maintained the shares of BIP in report on Thursday, July 18 with “Neutral” rating. Bank of America maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) rating on Tuesday, July 30. Bank of America has “Buy” rating and $4700 target. On Monday, September 30 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

The stock decreased 0.78% or $0.38 during the last trading session, reaching $48.42. About 308,945 shares traded. Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 8.18% since October 13, 2018 and is uptrending. It has outperformed by 8.18% the S&P500.

Analysts await Brookfield Infrastructure Partners L.P. (NYSE:BIP) to report earnings on November, 1. They expect $0.84 EPS, up 18.31 % or $0.13 from last year’s $0.71 per share. BIP’s profit will be $245.72 million for 14.41 P/E if the $0.84 EPS becomes a reality. After $0.85 actual EPS reported by Brookfield Infrastructure Partners L.P. for the previous quarter, Wall Street now forecasts -1.18 % negative EPS growth.

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company has market cap of $14.16 billion. The companyÂ’s Utilities segment operates a port facility that exports metallurgical and thermal coal mined in the central Bowen Basin region of Queensland, Australia; approximately 11,200 kilometers of transmission lines in North and South America; and approximately 2.8 million electricity and natural gas connections in the United Kingdom and Colombia. It has a 1513.12 P/E ratio. The Company’s Transport segment provides transportation, storage, and handling services for freight, bulk commodities, and passengers through a network of 5,500 kilometers of track network in south of Western Australia; approximately 4,800 kilometers of rail in South America; approximately 3,600 kilometers of motorways in Brazil, Chile, Peru, and India; and 36 port terminals in North America, the United Kingdom, Australia, and Europe.

More notable recent Brookfield Infrastructure Partners L.P. (NYSE:BIP) news were published by: Seekingalpha.com which released: “Brookfield Infrastructure Partners goes ex-dividend tomorrow – Seeking Alpha” on May 29, 2019, also Seekingalpha.com with their article: “Brookfield Infrastructure Remains One Of The Most Attractive Recession-Resistant Dividend Growth Stocks – Seeking Alpha” published on August 14, 2019, Globenewswire.com published: “Brookfield Infrastructure Reports First Quarter 2019 Results NYSE:BIP – GlobeNewswire” on May 03, 2019. More interesting news about Brookfield Infrastructure Partners L.P. (NYSE:BIP) were released by: Finance.Yahoo.com and their article: “Hedge Funds Are Dumping Centrais Eletricas Brasileiras S.A. – Eletrobras (EBR) – Yahoo Finance” published on October 12, 2019 as well as Fool.com‘s news article titled: “Brookfield Infrastructure Partners Is About to Stomp on the Gas – Motley Fool” with publication date: June 17, 2019.

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