Is BidaskScore Now Negative on Brookfield Infrastructure Partners (NYSE:BIP) After Recent Downgrade?

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

Brookfield Infrastructure Partners (NYSE:BIP) Receives a Downgrade

BidaskScore cut Brookfield Infrastructure Partners (NYSE:BIP) shares, lowering their rating to a “Buy” in a research note revealed to investors on Saturday morning. Trading on the $14.16 billion market cap BIP will be interesting to observe today.

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 “Buy” rating on Monday, September 23 by Bank of America. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) earned “Neutral” rating by Credit Suisse on Thursday, July 18. RBC Capital Markets maintained the shares of BIP in report on Friday, September 27 with “Outperform” rating. Barclays Capital maintained the shares of BIP in report on Monday, September 30 with “Equal-Weight” rating. Bank of America maintained the stock with “Buy” rating in Tuesday, July 30 report.

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: Finance.Yahoo.com which released: “Poseidon Water Congratulates the National Alliance for Water Innovation (NAWI) Team on $100M DOE Desalination Hub – Yahoo Finance” on September 27, 2019, also Fool.com with their article: “3 Sizzling Income Stocks That Are Still Excellent Buys Right Now – The Motley Fool” published on September 15, 2019, Seekingalpha.com published: “Stocks To Watch: Spotlight On Microsoft, Tesla And Xilinx – Seeking Alpha” on September 28, 2019. More interesting news about Brookfield Infrastructure Partners L.P. (NYSE:BIP) were released by: Seekingalpha.com and their article: “Brookfield Asset Management: Strong And Getting Stronger – Seeking Alpha” published on October 06, 2019 as well as Fool.com‘s news article titled: “Brookfield Infrastructure Partners’ Patience Continues to Pay Dividends – Motley Fool” with publication date: September 03, 2019.

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