Brookfield Infrastructure Partne (NYSE: BIP) has reported earnings for its first fiscal quarter (ending March 31) of $0.37 versus $0.05 for the same period a year ago — an increase of 640%. For the latest four quarters through March 31, E.P.S. were $1.26 versus $0.78 for the same period a year ago — an increase of 62%.
Recent Price Action
Brookfield Infrastructure Partne (NYSE: BIP) stock closed at $27.53 on 5/1/24 after a large increase of 2.5%. Moreover, unusually high trading volume at 167% of normal accompanied the advance. The stock has declined -1.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BIP is expected to continue to be a Value Builder.
Brookfield Infrastructure Partne has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Brookfield Infrastructure Partne has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 31, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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