Brookfield Infrastructure Partne (NYSE: BIP) suffers from exceptional negative changes in investment behavior: its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent important negative changes in fundamentals have impacted Brookfield Infrastructure Partne (NYSE: BIP): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BIP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Brookfield Infrastructure Partne has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Brookfield Infrastructure Partne has a neutral Appreciation Score of 58 but a poor Power Rating of 17, with the Negative Value Trend Rating the result.
Recent Price Action
Brookfield Infrastructure Partne (NYSE: BIP) stock declined by -3.0% on 2/28/24. The shares closed at $27.64. Moreover, trading volume in this decline was exceptionally high at 219% of normal. The stock has been weak relative to the market over the last nine months and has declined -13.2% during the last week.
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