Currently, there are 461.51M common shares owned by the public and among those 458.50M shares have been available to trade.
The company’s stock has a 5-day price change of -0.97% and -0.70% over the past three months. BIP shares are trading 2.45% year to date (YTD), with the 12-month market performance up to 7.67% higher. It has a 12-month low price of $25.72 and touched a high of $36.50 over the same period. BIP has an average intraday trading volume of 644.19K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.07%, 8.62%, and 1.18% respectively.
Institutional ownership of Brookfield Infrastructure Partners L.P (NYSE: BIP) shares accounts for 58.52% of the company’s 461.51M shares outstanding.
It has a market capitalization of $21.23B and a beta (3y monthly) value of 1.06. The earnings-per-share (ttm) stands at -$0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.03% over the week and 1.01% over the month.
Analysts forecast that Brookfield Infrastructure Partners L.P (BIP) will achieve an EPS of 0.31 for the current quarter, 0.34 for the next quarter and 1.11 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.31 while analysts give the company a high EPS estimate of 0.31. Comparatively, EPS for the current quarter was -0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 2583.45%, and 35.80% over the next financial year.
National Bank Financial was of a view on October 18, 2023 that the stock is Outperform, while Raymond James gave the stock Strong Buy rating on September 25, 2023, issuing a price target of $45. TD Securities on their part issued Buy rating on September 23, 2022.
