Brookfield Infrastructure Partne (NYSE: BIP) has reported a loss for its third fiscal quarter (ending September 30) of $-0.11 versus $0.23 for the same period a year ago — a decline of -148%. For the latest four quarters through September 30, E.P.S. were $0.11 versus $1.20 for the same period a year ago — a decline of -91%.
Recent Price Action
Brookfield Infrastructure Partne (NYSE: BIP) stock rose modestly by 0.6% on 11/6/24. The stock closed at $34.67. Moreover, above average trading volume at 127% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
BIP’s future returns on capital are forecasted to exceed 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 B (Positive). 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 very high Power Rating of 87, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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