3 times Within The Past Five Days, Brookfield Infrastructure Partners L.P. (BIP) Hit A New High

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Brookfield Infrastructure Partners L.P. (NYSE:BIP) finished Friday with a subtraction of -$0.3 to close at $30.99, a downside of -0.96 percent. An average of 841,900 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 809,320 shares traded, while the 50-day average volume stands at 517,130.

BIP stock has decreased by -17.38% in the last month. The company shares reached their 1-month lowest point of $30.03 on 12/28/22. With the stock rallying to its 52-week high on 04/05/22, shares of the company touched a low of $30.03 and a high of $46.01 in 52 weeks. It has reached a new high 10 times so far this year and lost -23.56% or -$9.55 in price. In spite of this, the price is down -32.64% from the 52-week high.

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Valuation Metrics

Brookfield Infrastructure Partners L.P. (BIP) has a trailing price-to-earnings (P/E) ratio of 89.31. The stock’s beta is 0.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.43, the price-to-book (PB) ratio at 1.85.

The company has a payout ratio of 409.30%. The company’s most recent quarterly dividend payment was $0.36 a share, without any change from last year. Its latest decrease dividend $0.18 reported on Wednesday August 3 2022.

Financial Health

The quick ratio of Brookfield Infrastructure Partners L.P. for the three months ended September 29 was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.71 and a total debt to equity ratio of 4.25 for the quarter ending September 29. Its gross profit as reported stood at $2.88 billion compared to revenue of $11.54 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Brookfield Infrastructure Partners L.P.’s return on assets was 0.20%.

Earnings Surprise

The analyst consensus anticipated Brookfield Infrastructure Partners L.P.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.05, a -66.70% surprise. For the quarter, EBITDA amounted to $1.45 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Brookfield Infrastructure Partners L.P. (BIP) price momentum. RSI 9-day as of the close on 30 December was 36.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.88%.

As of today, BIP’s price is $30.93 +0.10% or $0.03 from its 5-day moving average. BIP is currently trading -13.99% lower than its 20-day SMA and -23.24% lower than its 100-day SMA. However, the stock’s current price level is -9.86% below the SMA50 and -23.38% below the SMA200.

The stochastic %K and %D were 14.61% and 11.76%, respectively, and the average true range (ATR) was 1.01. With the 14-day stochastic at 17.39% and the average true range at 1.00, the RSI (14) stands at 36.10%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -1.16.

Analyst Ratings

The consensus rating for Brookfield Infrastructure Partners L.P. (BIP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BIP, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is BIP’s price target for the next 12 months?

Analysts predict a range of price targets between $29.00 and $49.00, with a median target of $44.00. Taking a look at these predictions, the average price target given by analysts for Brookfield Infrastructure Partners L.P. (BIP) stock is $42.59.

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