Headlines about Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookfield Infrastructure Partners earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.6701528496528 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
- Canadians’ Debt Burden Continues to Increase: Is it Time to Get Defensive? (fool.ca)
- Brookfield Infrastructure Partners L.P. 2017 Fourth Quarter Conference Call and Webcast for Investors and Analysts (feeds.benzinga.com)
- Brookfield Infrastructure Partners L.P. 2017 Fourth Quarter Conference Call and Webcast for Investors and Analysts (finance.yahoo.com)
- Brookfield Infrastructure to Issue $200,000,000 of Preferred Units (finance.yahoo.com)
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Scotiabank restated an “outperform” rating and issued a $59.50 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, November 28th. Royal Bank of Canada increased their target price on Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Credit Suisse Group assumed coverage on Brookfield Infrastructure Partners in a report on Monday, September 18th. They issued a “neutral” rating and a $44.00 target price for the company. Finally, National Bank Financial increased their target price on Brookfield Infrastructure Partners from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $48.88.
Brookfield Infrastructure Partners (BIP) traded down $0.02 during midday trading on Tuesday, hitting $43.65. 355,377 shares of the stock were exchanged, compared to its average volume of 385,788. Brookfield Infrastructure Partners has a 1-year low of $34.30 and a 1-year high of $46.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $16,800.00, a P/E ratio of 167.88, a PEG ratio of 1.06 and a beta of 1.05.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.86). Brookfield Infrastructure Partners had a return on equity of 1.59% and a net margin of 5.33%. analysts anticipate that Brookfield Infrastructure Partners will post 3.13 EPS for the current fiscal year.
Brookfield Infrastructure Partners declared that its board has authorized a share buyback program on Tuesday, November 7th that authorizes the company to repurchase 13,820,000 outstanding shares. This repurchase authorization authorizes the utilities provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date was Wednesday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 669.23%.
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About Brookfield Infrastructure Partners
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).
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