A share price of Brookfield Infrastructure Partners L.P [BIP] is currently trading at $35.02, up 3.09%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BIP shares have gain 4.44% over the last week, with a monthly amount glided 6.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, National Bank Financial downgraded its rating to Sector Perform on January 30, 2024. On October 18, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $33 on the stock. Raymond James upgraded its rating to a Strong Buy but stick to its price target of $45 on September 25, 2023. Credit Suisse upgraded its rating to Outperform for this stock on June 30, 2022, but kept the price target unchanged to $49.50.
Brookfield Infrastructure Partners L.P experienced fluctuations in its stock price throughout the past year between $21.03 and $34.28. Currently, Wall Street analysts expect the stock to reach $43.89 within the next 12 months. Brookfield Infrastructure Partners L.P [NYSE: BIP] shares were valued at $35.02 at the most recent close of the market. An investor can expect a potential return of 25.33% based on the average BIP price forecast.
Analyzing the BIP fundamentals
Trailing Twelve Months sales for Brookfield Infrastructure Partners L.P [NYSE:BIP] were 19.78B which represents 20.72% growth. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.40 points at the first support level, and at 33.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.47, and for the 2nd resistance point, it is at 35.91.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Brookfield Infrastructure Partners L.P [NYSE:BIP] is 0.81. In addition, the Quick Ratio stands at 0.76 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 3.30.
