Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 52-Week High – Should You Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$59.24 and last traded at C$59.12, with a volume of 442881 shares. The stock had previously closed at C$57.15.

Brookfield Infrastructure Partners Trading Up 3.4%

The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01. The company’s fifty day moving average is C$53.85 and its 200-day moving average is C$51.68. The firm has a market capitalization of C$27.20 billion, a P/E ratio of 89.58, a P/E/G ratio of -2.12 and a beta of 2.12.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last announced its earnings results on Wednesday, April 29th. The company reported C($0.28) EPS for the quarter. The firm had revenue of C$8.76 billion during the quarter. Brookfield Infrastructure Partners had a positive return on equity of 5.21% and a negative net margin of 0.09%. As a group, sell-side analysts anticipate that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.