Brookfield Infrastructure Partners L.P [BIP] stock is trading at $31.0, up 1.34%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BIP shares have gain 1.77% over the last week, with a monthly amount glided 2.21%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On January 30, 2024, downgrade downgraded it’s rating to Sector Perform. National Bank Financial upgraded its rating to a Outperform but stick to its price target of $33 on October 18, 2023. Raymond James upgraded its rating to a Strong Buy but $45 remained the price target by the analyst firm on September 25, 2023. In a note dated June 30, 2022, Credit Suisse upgraded an Outperform rating on this stock but restated the target price of $49.50.
Brookfield Infrastructure Partners L.P [BIP] stock has fluctuated between $25.72 and $36.50 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Brookfield Infrastructure Partners L.P [NYSE: BIP] shares were valued at $31.0 at the most recent close of the market. An investor can expect a potential return of 12.9% based on the average BIP price forecast.
Analyzing the BIP fundamentals
Brookfield Infrastructure Partners L.P [NYSE:BIP] reported sales of 21.54B for the trailing twelve months, which represents a growth of 5.66%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.04 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of9.99.
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 30.65 points at the first support level, and at 30.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.21, and for the 2nd resistance point, it is at 31.42.
Ratios To Look Out For
For context, Brookfield Infrastructure Partners L.P’s Current Ratio is 0.88. As well, the Quick Ratio is 0.85, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 0.94, the price to book ratio is 3.22 and price to earnings (TTM) ratio is 1597.94.
