Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Brookfield Infrastructure Partne (NYSE: BIP) improved during the last several trading days. BIP’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Brookfield Infrastructure Partne (NYSE: BIP) stock increased 1.5% on 4/8/24. The shares closed at $29.26. However, this advance was accompanied by below average trading volume at 78% of normal. The stock has been weak relative to the market over the last nine months and has declined -6.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Brookfield Infrastructure Partne has a slightly positive Appreciation Score of 63 but a poor Power Rating of 30, resulting in the Low Neutral Value Trend Rating.
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