Brookfield Infrastructure Partners (BIP) to Release Earnings on Wednesday

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) is set to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Brookfield Infrastructure Partners to post earnings of $0.80 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Brookfield Infrastructure Partners Stock Down 0.6 %

NYSE:BIP opened at $33.90 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market cap of $15.73 billion, a P/E ratio of -199.40 and a beta of 1.06. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The firm has a 50-day simple moving average of $33.83 and a two-hundred day simple moving average of $31.02.

Analyst Ratings Changes

Several equities analysts have issued reports on BIP shares. Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, Jefferies Financial Group lifted their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.40.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.